Brazil 12-month current account gap narrows to 2% of GDP in July - central bank » EntornoInteligente /

BRASILIA, Aug 25 (Reuters) – Brazil posted a current account surplus of $1.6 billion in July, the central bank said on Tuesday, more than double the $737 million forecast in a Reuters poll of economists and the fourth month in a row of surplus, something not seen since 2006.

That helped narrow the overall deficit over the preceding 12 months to 2.00% of gross domestic product, while foreign direct investment in July totaled $2.7 billion, the central bank said. Economists had forecast FDI of $2.5 billion. (Reporting by Camila Moreira and Jamie McGeever; Editing by Alison Williams)


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