Turkey records current account deficit in November
The deficit follows four consecutive months of surpluses and came higher than the $3.1 billion shortfall forecast by an Anadolu survey. Excluding gold and energy, the current account indicates a net surplus of $2.1 billion.
The goods balance posted a deficit of $6.38 billion for the month, while the services sector contributed a surplus of $3.9 billion.
For January through November, the country’s current account registered a cumulative deficit of $18.5 billion, with the goods sector showing a shortfall of $62.2 billion. The services sector, however, recorded a net surplus of $60 billion during the same period, helping to partially offset the overall deficit.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
