2 de junio de 2014 / 18:13 / en 3 años

Brazil posts surprise $712 mln trade surplus in May

BRASILIA, June 2 (Reuters) - Brazil posted a trade surplus of $712 million in May, recovering from a weak start to the year but still below historical levels, government data showed on Monday.

The surplus was in marked contrast to market expectations for a deficit of $50 million, according to the median forecast of 15 analysts surveyed by Reuters. The country posted a surplus of $506 million in April.

Brazil’s trade balance has been hit hard by rising fuel imports and a drop in the price of some key exports such as iron ore. A sharp depreciation of the Argentinian peso has also curbed manufacturing exports to the neighboring country.

In the 12 months through May, Brazil’s trade surplus dropped to $3.08 billion, less than half the surplus recorded one year ago. (Reporting by Luciana Otoni; Writing by Silvio Cascione; Editing by James Dalgleish)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below