BRASILIA, May 24 (Reuters) - Brazil logged a current account surplus of $412 million in April, its first in seven years, due principally to an improved trade surplus, the Central Bank said on Tuesday.
Brazil’s last monthly surplus was $124.8 million in April of 2009. This April’s performance beat expectations for a deficit of nearly $900 million, according to a Reuters survey.
The result contrasts with a $6.84 billion current account deficit in April 2015. (Reporting by Marcela Ayres; Writing by Reese Ewing; Editing by Daniel Flynn)