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Financial News: BRAZIL: Balance Of Payments Posts US$ 600 Million

BRAZIL: Balance Of Payments Posts US$ 600 Million Surplus In May

06/27/2017 - 21:45:00 (RTTNews)

(RTTNews) - Brazil's balance of payments posted a US$ 600 million surplus in May, significantly lower than the one recorded a year ago, when there was a US$ 3.756 billion surplus, according to data released by the Brazilian Central Bank. Last month, the capital account was positive at US$ 12 million, compared to a R$ 10 million surplus a year earlier. In the financial account, the balance was positive at US$ 3.124 billion, or 25.1% higher than in May 2016. Year-to-date, the capital account surplus rose 45.9%, to US$ 143 million, while the financial account recorded a US$ 926 million surplus, from a negative balance of US$ 2,325 billion in the same period a year ago. Foreign Direct Investment totaled US$ 2.926 billion in May, a result almost three times lower than that of May 2016. In the year, IDP grew 8.5%, to US$ 32.456 billion. In 12 months, the FDI totaled US$ 80.720 billion, or 3.8% below the value invested in Brazil in the period up to April.

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