Turkey's Current Account Deficit Narrows In September

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Turkey’s current account deficit narrowed sharply in September, the Central Bank of the Republic of Turkey reported Wednesday.

The current account deficit declined to $2.36 billion in September from $4.32 billion in August. In the same period last year, the balance showed a surplus of $2.8 billion.

The shortfall on trade in goods and services decreased to $2.01 billion from $3.83 billion in the previous month.

The balance on goods, services and primary income showed a shortfall of $2.56 billion versus -$4.45 billion a month ago. At the same time, secondary income increased to $197 million from $137 million last month.

The capital account showed a deficit of $1 million, while the financial account surplus rose to $1.19 billion.

The material has been provided by InstaForex Company – www.instaforex.com

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