In June, the current account balance incurred a deficit of USD 4.3 billion. The figure undershot the USD 7.7 billion deficit recorded in the same month last year but matched market expectations. As a result of the monthly result, the 12-month trailing current account deficit narrowed for the eighth consecutive month, falling from USD 66.9 billion in May to USD 63.5 billion in June (approximately equivalent to 8.3% of GDP). Exports expanded 19.5% in USD terms over the same month last year, slightly below the 21.2% increase recorded in May. Meanwhile, imports contracted 5.9%, contrasting the 2.5% expansion observed in May. As a result, the trade deficit reached USD 5.7 billion in June, down from the USD 9.2 billion deficit recorded in the same month last year.
Turkey Current Account
Current account deficit continues to narrow
August 13, 2012
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Turkey Economic News
October 13, 2016
The current account balance recorded a USD 1.8 billion deficit in August (July: USD 2.7 billion deficit).
October 10, 2016
In August, industrial production expanded a calendar-adjusted 2.2% compared to the same month last year.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI), produced by the Istanbul Chamber of Industry (ICI) and IHS Markit, increased slightly to 48.3 in September from August’s 47.0, which had marked a multi-year low.
October 3, 2016
In September, consumer prices increased 0.18% over the previous month.
September 26, 2016
The Real Sector Confidence Index published by the Central Bank increased from August’s 103.6 to 106.5 in September.