Brazil Current Account Surplus Narrowed in June to $2.8 Billion

SÃO PAULO--Brazil recorded a current account surplus of $2.8 billion in June, down from a surplus of $3.8 billion in May, the country's central bank said Tuesday.

The 12-month current account deficit reached $19.6 billion in June, from a revised $19.4 billion the month before, the bank said.

The 12-month current account deficit was equal to 1.27% of gross domestic product, the same level as in the previous month.

Net foreign direct investment reached $174 million in June, down from $1.2 billion in May, the bank said. FDI reached $46.6 billion for the 12 months through June, up from $39.3 billion in the 12 months through May.

Write to Jeffrey T. Lewis at

  (END) Dow Jones Newswires
  07-27-21 0901ET
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