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Oct. 22, 2021, 9:07 a.m. EDT

Brazil Current Account Swung to $1.7B Deficit in September

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By Jeffrey T. Lewis

SÃO PAULO--Brazil recorded a current-account deficit of $1.7 billion in September, from a surplus of $1.7 billion in August, the country's central bank said Friday.

The 12-month current-account deficit reached $20.7 billion in September, from a revised $19.3 billion the month before, the bank said.

The 12-month current-account deficit was equal to 1.3% of gross domestic product, versus 1.2% of GDP reported for the previous month.

Net foreign direct investment reached $4.5 billion in September, the same amount as in August, the bank said. FDI reached $50.4 billion for the 12 months through September, compared with $49.4 billion in the 12 months through August.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

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