Brazil posts $662mn current account surplus in May: central bank  

BRASILIA: Brazil posted a current account surplus of $662 million in May, the central bank said on Monday, down around a quarter from the same month last year and lower than the $725 million median forecast in a Reuters poll of economists.

Foreign direct investment into Brazil totaled $7.1 billion in May, slightly below the median estimate of $7.5 billion, while in the 12 months to May Brazil's current account deficit as a share of gross domestic product was 0.75pc.