In July, the current account balance incurred a deficit of USD 3.9 billion. The figure undershot the USD 5.4 billion deficit recorded in the same month last year but was virtually in line with market expectations of a USD 4.0 billion deficit. As a result of the relatively subdued monthly reading, the 12-month trailing current account deficit narrowed for the ninth consecutive month, falling from USD 63.0 billion in June to USD 61.4 billion in July (approximately 7.9% of GDP), the lowest level recorded since March 2011. Exports expanded 9.3% in USD terms over the same month last year, well below the 18.9% increase recorded in June. In contrast, imports contracted 2.1%, which followed the 5.8% decline observed in June. As a result, the trade deficit reached USD 6.4 billion in July, down from the USD 8.0 billion deficit recorded in the same month last year.
Turkey Current Account
Current account deficit shrinks further
September 11, 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.