logo
  

Turkey Current Account Deficit Narrows In July

Turkey's current account deficit narrowed in July, data from the central bank showed on Monday.

The current account deficit decreased to $683 million in July from $1.122 billion in June. Economists had forecast a deficit of $0.57 billion.

The goods trade deficit increased to $2.984 billion in July, while the services surplus rose to $2.948 billion.

Gold and energy excluded current account indicated $2.749 billion surplus, which was observed as $1.924 billion surplus in the same month of the previous year.

Under services, travel item recorded a net inflow of $2.118 billion in July.

The primary income account posted a net outflow of $702 million in July, while the secondary income account surplus was $55.00 million.

The capital account deficit was $19.0 million in July. The financial account registered a deficit of $4.884 billion.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT