Matthew Cowley – NASDAQ, 07/03/2012
SAO PAULO–Brazil posted a smaller trade surplus for the year in June, while both exports and imports declined, according to data released Monday by the country’s trade ministry.
The ministry said the foreign-trade surplus fell to $807 million, from $2.95 billion in May.
Exports during the month totaled $19.4 billion, while imports totaled $18.5 billion.
With the latest monthly result, Brazil posted a foreign-trade surplus for the January through May period of $7.1 billion.
[...] week continued to revolve around Brazil’s continued measures to stimulate the economy. With a falling trade surplus and factory output on the decline, the government has been eager to recoup their losses, accelerate [...]