UPDATE 1-Brazil's current account surplus grows less than expected in May

viernes 24 de junio de 2016 10:13 GYT
 

(Adds central bank forecasts)

BRASILIA, June 24 (Reuters) - Brazil's current account surplus grew in May to $1.2 billion, central bank data showed on Friday, less than the $1.9 billion expected by economists in a Reuters poll.

The country attracted $6.145 billion in foreign direct investment in May, above expectations in a Reuters poll for $5.8 billion.

Brazil's current account surplus was $400 million in April.

The central bank reduced its forecast for this year's current account deficit to $15 billion from $25 billion, as it now expects a trade surplus of $50 billion, above its earlier outlook of $40 billion.

The bank also raised its forecast for foreign direct investments in 2016 to $70 billion from $60 billion. (Reporting by Marcela Ayres; Writing by Silvio Cascione; Editing by Lisa Von Ahn and Bill Trott)