Turkey's current account deficit widened in March after narrowing in the previous month, data released by the central bank showed Monday.
The current account deficit increased to $5.396 billion from February's $4.935 billion. A year ago, the deficit was $6.264 billion.
The merchandise trade balance showed a deficit of $5.737 billion, which was slightly larger than February's $5.477 billion. Overall trade balance revealed a shortfall of $4.474 billion compared to $4.659 billion in the previous month.
Current transfers totaled $24 million, which was much less than the $172 million in February. The capital account remained balanced in March, as in February.
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