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Brazil's current account gap widens in Nov to $6.3 bln
December 18, 2012 / 12:35 PM / 5 years ago

Brazil's current account gap widens in Nov to $6.3 bln

BRASILIA, Dec 18 (Reuters) - Brazil posted a current account deficit of $6.265 billion in November, central bank data showed on Tuesday.

The country had been expected to post a deficit of $6 billion, according to the median forecast of 19 analysts in a Reuters survey. The forecasts for the deficit ranged from $4.8 billion to $6.9 billion.

Brazil’s current account deficit in October was $5.431 billion, the central bank said last month.

Foreign direct investment in Latin America’s largest economy was $4.587 billion in November, down from $7.73 billion in October but more than the expected $3 billion.

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