Turkey’s current account gap shrinks in February

Turkey’s current account gap shrinks in February

Comments Off on Turkey’s current account gap shrinks in February

Turkey's current account deficit fell to $718 million in February, down by $3.78 billion from the same month last year, the Central Bank of Turkey said on Thursday.

The figure was nearly $4.5 billion in February 2018.

The 12-month rolling deficit reached to $17 billion in the month.

The reading beat the median estimate of $900 million, which was forecast in a poll carried out by Anadolu Agency's Finance Desk on Tuesday prior to the new data.

A group of 18 economists estimated the 2019-end current account gap to reach $18.2 billion.

"This development in the current account is mainly attributable to $3.7 billion decrease in the goods deficit recording net outflow of $1.1 billion, $57 million increase in net inflows of services item recording $894 million and $68 million decrease in primary income deficit indicating $495 million," the bank said in its report.

Gold and energy excluded current account posted over $2.7 billion surplus, while $449 million deficit was recorded in February 2018.

In 2018, the current account balance posted a deficit of around $27.6 billion, improving from a nearly $47.5 billion deficit in 2017.

Source: Anadolu Agency

admin

Related Posts

Turkish police arrest dozens of FETO suspects

Comments Off on Turkish police arrest dozens of FETO suspects

“No sanctions threat can stop us so long as we have confidence in ourselves”

Comments Off on “No sanctions threat can stop us so long as we have confidence in ourselves”

“We will side with peace, not confrontation”

Comments Off on “We will side with peace, not confrontation”

Turkish MP slams PYD/PKK terror ‘provocation’ in Berlin

Comments Off on Turkish MP slams PYD/PKK terror ‘provocation’ in Berlin

?stanbul Mayor ?mamo?lu: Economic Condition of Municipality is a Total Disaster

Comments Off on ?stanbul Mayor ?mamo?lu: Economic Condition of Municipality is a Total Disaster

On UN Day, Thousands Protest Violence Against Women

Comments Off on On UN Day, Thousands Protest Violence Against Women

33 People Detained for Hasankeyf Statement Released

Comments Off on 33 People Detained for Hasankeyf Statement Released

Istanbul Candidate: Recount Could Bring ‘Dangerous’ Changes

Comments Off on Istanbul Candidate: Recount Could Bring ‘Dangerous’ Changes

Turkish forces catch two PKK terrorists alive

Comments Off on Turkish forces catch two PKK terrorists alive

Final Islamic Summit communique reiterates Palestinians’ right to statehood

Comments Off on Final Islamic Summit communique reiterates Palestinians’ right to statehood

48 Daesh-linked suspects arrested across Turkey

Comments Off on 48 Daesh-linked suspects arrested across Turkey

Japan: Turkey’s Erdogan receives honorary doctorate

Comments Off on Japan: Turkey’s Erdogan receives honorary doctorate

Create Account



Log In Your Account