UPDATE 1-Brazil posts bigger-than-expected external deficit

martes 26 de julio de 2016 10:47 GYT
 

(Adds reasons for wider deficit, bank official comment)

BRASILIA, July 26 (Reuters) - Brazil's current account deficit came in much larger than expected for June as a stronger real reduced the gains of local exporters, central bank data showed on Tuesday.

The commodity-exporting nation recorded a currency account gap of $2.479 billion, a bigger shortfall than the $1.5 billion expected by economists in a Reuters poll.

The country attracted $3.917 billion in foreign direct investment in June, below forecasts of $4 billion in a Reuters poll.

Brazil posted a current account surplus of $1.2 billion for May and a deficit of $2.563 billion for June 2015.

The nation's trade surplus shrank to $3.970 billion from $4.530 billion a year earlier.

The real strengthened more than 12 percent against the U.S. dollar in June alone.

"Since February we have had an appreciation of the exchange rate, and that, without a doubt, has an effect on the external results," said Tulio Maciel, the central bank's head of economic research.

Maciel said the bank forecast a current account deficit of $4.3 billion in July.   Continuación...