Brazil posts $11.591 bln current account deficit in January

BRASILIA Fri Feb 21, 2014 8:35am EST

Feb 21 (Reuters) – Brazil posted a current account deficit of $11.591 billion in January, in line with expectations, central bank data showed on Friday.

The country had been expected to post a deficit of $11.7 billion, according to the median forecast of 20 analysts in a Reuters poll. Brazil’s current account deficit in December was $8.67 billion.

The forecasts for the current account gap ranged from $14.6 billion to $1.3 billion.

Foreign direct investment in Latin America’s largest economy was $5.098 billion in January, above market expectations of $4 billion.