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Financial News: Turkey Current Account Deficit Widens In April

Turkey Current Account Deficit Widens In April

06/12/2020 - 08:48:00 (RTTNews)

(RTTNews) - Turkey's current account deficit widened in April from last year, data from the central bank showed Friday.

The current account deficit increased to $5.062 billion from $496 million in the same period last year. In March, the current account deficit was $4.844 billion.

The goods deficit increased by $2.279 billion with a net outflow of $3.810 billion and services logged a net outflow of $240 million versus an inflow of $2.333 billion in the same month last year.

Investment income under primary income item posted a net outflow of $1.036 billion in April, while the secondary income account recorded a net inflow of $74 million.

The capital account deficit was $3 billion in April and financial account surplus decreased to $2.306 billion in April from $7.656 billion in the previous month.

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