Brazil's current account deficit widened more than expected in February to $935 million, central bank data showed, compared to estimates of a $400 million surplus in a Reuters poll of economists.

Brazil's 12-month current account deficit was equal to 1.24 percent of Gross Domestic Product in February.

The country attracted $5.306 billion in foreign direct investment in February, above forecasts in a Reuters poll for an inflow of $4.7 billion.

The bank's projection of foreign direct investment this year remains unchanged $75 billion, while the 2017 trade surplus forecast increased to $51 billion from a previous estimate of $44 billion.

 

Copyright Reuters, 2017