Turkey's current account deficit fell notably in April, data from the Central Bank of the Republic of Turkey showed Monday.
The current account balance was in deficit of $4.95 billion in April, down from a deficit of $6.25 billion in March. In April last year, the shortfall was $7.66 billion.
The balance on goods account amounted to $5.34 billion deficit, less than March's deficit of $6.06 billion. The deficit on service also slid to $4.37 billion.
The shortfall on income account dropped to $5.12 billion. The net inflow of current transfers rose to $161 million from $85 million in the preceding month.
by RTT Staff Writer
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