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Financial News: Turkey Current Account Deficit Widens In April

Turkey Current Account Deficit Widens In April

06/12/2017 - 03:41:00 (RTTNews)

(RTTNews) - Turkey's current account deficit increased in April from a month ago, figures from the Turkish Statistical Institute showed Monday.

The current account gap widened to $3.62 billion in April from $2.99 billion in the preceding month.

The deficit in trade in goods rose to $3.53 billion in April from $2.89 billion in March. The balance on goods and services showed a shortfall of $3.61 billion versus $3.15 billion deficit in the prior month.

The capital account balance came in at a small surplus of $8.0 million in April after remained balanced in March. On the other side, the financial account deficit climbed notably from $1.57 billion to $3.66 billion.

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