Foreign direct investment totaled $6.5 billion in February,
missing the Reuters poll estimate of $10.2 billion.
Central bank data also showed that investors made a net
portfolio investment of $553 million in Brazilian markets in
February, down from $1.8 billion in the same month last year.
Inflows in stocks and bonds reached $236 million and $317,
respectively.
(Reporting by Marcela Ayres, Editing by Louise Heavens and
Steven Grattan)
(Adds details, context)
BRASILIA, March 27 (Reuters) - Brazil posted a
lower-than-expected current account deficit in February, showed
central bank data on Monday, mainly due to a decrease in factor
payments.
The country's current account deficit reached $2.8
billion in February, lower than the $5 billion shortfall
forecast in a Reuters poll of economists.
The deficit in factor payments fell 33.5% compared to the
same month last year, totaling $3.4 billion, due to a decline in
profits and dividends sent abroad.
The deficit in the services account decreased by 27.6%
compared to February 2022, totaling $2 billion. Meanwhile, the
positive balance of the trade balance was $2.5 billion, compared
to $3.6 billion a year ago.
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