Brazil has US$5.7 billion current account surplus in April, lower than expected
RIO DE JANEIRO, BRAZIL – In April, Brazil posted a current account surplus of US$5.663 billion, according to data released by the Central Bank on Wednesday, May 26.
After this result, the 12-month deficit reached 0.84% of GDP (Gross Domestic Product), against 1.23% of GDP in March. The result came below expectations in an April poll with analysts,showing a US$6.2 billion surplus.
Direct investments (DDI) reached US$3.544 billion, also below the expected US$5 billion.
For the month of May, the Central Bank projected a current transactions surplus of US$3.6 billion and DDI of US$2.3 billion. Until May 21, foreign exchange flows were negative by US$1.117 billion, the Central Bank said.
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