Brazil’s May Current Account Shows Slight Improvement

The deficit in the current account, the broadest measure of trade in goods and services, narrowed in May to $3.4 billion from $6.9 billion a month earlier, the central bank said in a report distributed today in Brasilia. The gap was smaller than estimated by all 19 economists surveyed by Bloomberg, whose median forecast was for a deficit of $4.6 billion. Foreign investment in Brazil during the month rose to $6.6 billion from $5.8 billion.

Read More