Türkiye posts current account deficit of $1.46 billion in May
Türkiye’s current account posted a deficit of $1.46 billion in May, exceeding market expectations, according to data released on July 13 by the country’s central bank.
Economists had forecast a deficit of around $960 million for the month.
The current account excluding gold and energy recorded a surplus of $3.63 billion, while the goods trade balance posted a deficit of $4.34 billion, the bank said.
On a 12-month rolling basis, the current account deficit reached $37.3 billion in May, with the annualized goods deficit standing at $74.4 billion.
