BRASILIA--Brazil's current-account deficit narrowed in April to $62 million from a deficit of $494 million in March, the country's central bank said Monday.
The 12-month current-account deficit reached $13.7 billion in April, or 0.73% of gross domestic product, the same as recorded the month before.
Net foreign direct investment rose to $7 billion in April from $6.8 billion in March, the bank said. FDI totaled $92.5 billion in the 12 months through April, compared with $88.5 billion in the equal period through March.
Brazilian economists surveyed weekly by the central bank forecast the yearly current-account deficit to end 2019 at $25 billion, with a $50.3 billion annual trade surplus and $83.3 billion in FDI.