Brazil Had Capital Outflow of $1.319 Billion in First Two Weeks of October

BRASILIA--Brazil had a net capital outflow of $1.319 billion in the first two weeks of October, with both a trade deficit and an outflow of investment capital, the central bank said Wednesday.


Brazil had an inflow of $135 million in the first week of October, indicating an outflow of $1.454 billion last week.

The country had exports worth $7.197 billion in the first half of the month, and imports worth $7.517 billion, leaving a trade deficit of $320 million in the period.

There was an inflow of $13.126 billion in investment capital in the first two weeks of the month, and an outflow of $ 14.126 billion, for a deficit of $999 million.

The trade figures showed a significant slowdown for exports so far this year, amid sluggish economic growth abroad, while imports have increased as employment remains strong and Brazil's economy starts to recover.

The country had exports worth $199 billion in January through October of 2011, compared with exports of $183 billion for the same period this year.

Imports rose to $166 billion in January through October of this year, from $159 billion last year.

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