Financial News: Turkey Current Account Surplus Shrinks In October

Turkey Current Account Surplus Shrinks In October

12/12/2024 - 03:49:00 (RTTNews)

(RTTNews) - Turkey's current account surplus decreased at the start of the final quarter, data published by the Central Bank of the Republic of Turkey on Thursday.

The current account surplus decreased to $1.88 billion from $3.01 billion in September.

The deficit on trade in goods totaled $3.54 billion, up from the $3.12 billion shortfall a month ago, as imports grew faster than exports.

The surplus on services trade shrank to $6.45 billion from $7.37 billion in September. Under services, travel items recorded a net inflow of $5.1 billion.

Primary income showed a shortfall of $1.05 billion, smaller than the prior month's $1.22 billion deficit. At the same time, the secondary income turned into a surplus of $20 million after posting a deficit of $17 million.

The capital account deficit widened to $7 million from $6 million in the preceding period. The financial account shortfall came in at $1.69 billion, compared to $1.09 billion in September, data showed.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Producer Price Growth Exceeds Estimates In November (59 min(s), 21 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed producer prices in the U. ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Extend Rebound (01 hr(s), 04 min(s), 21 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly increased in the week en ...Full Story»

ECB Cuts Deposit Rate To 3.00% (02 hr(s), 04 min(s), 21 sec(s) ago)
(RTTNews) - The European Central Bank lowered its key interest rate by 25 basis points again, in l ...Full Story»

U.S. Producer Prices Climb More Than Expected In November (02 hr(s), 08 min(s), 21 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed producer prices in the U. ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Climb To 242,000 (02 hr(s), 13 min(s), 21 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly increased in the week en ...Full Story»

India Consumer Price Inflation Eases; Industrial Output Growth Improves (04 hr(s), 0 min(s),21 sec(s) ago)
(RTTNews) - India's inflation eased more than expected in November from a 14-month high in the ...Full Story»

Italy Jobless Rate Falls To 6.1% In Q3 (04 hr(s), 35 min(s), 21 sec(s) ago)
(RTTNews) - Italy's unemployment rate declined further in the three months ended September, da ...Full Story»

Hong Kong Industrial Production Falls 0.1% In Q3 (05 hr(s), 22 min(s), 21 sec(s) ago)
(RTTNews) - Hong Kong's industrial production contracted in the third quarter, provisional dat ...Full Story»