November 29, 2017 / 12:55 PM / 19 days ago

Brazil posts larger-than-expected budget surplus in October

SAO PAULO, Nov 29 (Reuters) - Brazil posted a wider-than-expected primary budget surplus of 4.758 billion reais ($1.5 billion) in October, central bank data showed on Wednesday, snapping a string of five consecutive monthly deficits.

Economists had expected a surplus of 3 billion reais, according to the median forecast in a Reuters poll. Still, the primary deficit in the 12 months through October swelled to 187.2 billion reais, or 2.88 percent of gross domestic product. Brazil targets a 163.1 billion real primary deficit this year.

$1 = 3.20 reais Reporting by Marcela Ayres; Writing by Bruno Federowski Editing by Chizu Nomiyama

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