Brazil attracts US$ 8.4 billion in Foreign Direct Investment in July 2012
Highest FDI total for July since record keeping began in 1995
Category: Investment, Brazil
Ideas get bigger when you share them...
News about Brazilian State
BRASILIA - August 28, 2012 (InvestorIdeas.com Newswire) The Brazilian economy attracted US$ 8.42 billion in Foreign Direct Investment (FDI) in July, based on data released on Thursday, August 23 by the Central Bank of Brazil. The result is the highest for the month of July since the Bank started its historical series in 1995, and exceeded the US$ 7.0 billion estimated by the institution for the month. In July 2011, FDI totaled US$ 5.98 billion.
FDI flows are an indicator of market confidence in the Brazilian economy. According to a UN Conference on Trade and Development (UNCTAD) survey, the 2010-2012 period marks the first time ever the four major emerging economies of Brazil, Russia, India and China are among the five most frequently identified as attractive investment destinations by major transnational corporations (see chart below).
Year to date (January to July 2012) FDI in Brazil totals US$ 38.141 billion as compared to US$ 38.48 billion over the same period in 2011. The Central Bank of Brazil estimates that US$ 50.0 billion will be invested in Brazil this year. In the last twelve months (ending July 2012), net FDI inflows totaled US$ 66.3 billion, accounting for 2.77 percent of GDP.
Foreign investments in Brazil's financial markets
Net foreign portfolio investment inflows totaled US$ 1.7 billion in July 2012, allocated in fixed income securities. In the domestic market, fixed income securities yielded net inflows of US$ 657.0 million, totaling US$ 2.8 billion year-to-date (through July 2012). The stock of international reserves reached US$ 376.2 billion in July, a growth of US$ 2.2 billion compared to June 2012. In July, the remuneration of reserve holdings totaled US$ 366 million, while other foreign operations increased thier international reserve stock holdings by US$ 1.9 billion.
The Secretariat for Social Communication (SECOM) of the Presidency of the Federative Republic of Brazil is responsible for coordinating the public relations activities for the government of Brazil. For more information on the Federative Republic of Brazil, please visit www.brasil.gov.br. The official social media accounts for the Brazilian State are on Facebook and Twitter at http://www.facebook.com/BrazilGovNews/ and twitter.com/BrazilGovNews.
US PRESS CONTACT:
Ashley Houk, Fleishman-Hillard New York
This material is distributed by Fleishman-Hillard Inc. on behalf of the Secretariat for Social Communication of the Presidency of Brazil. Additional information is available at the Department of Justice, Washington, D.C.
This news is published on the Investorideas.com Newswire and its syndicated partner network
Get Investorideas.com investor news and stock alerts
Free Sign Up: http://www.investorideas.com/Resources/Newsletter.asp