Türkiye's current account deficit narrowed to its lowest level in seven months in May, helped by a strong services surplus despite higher energy costs, while officials said they expect further improvement in the second quarter.
The current account balance posted a deficit of almost $1.46 billion in May, the smallest since October 2025, according to data released by the Central Bank of the Republic of Türkiye (CBRT) on Monday.
Excluding gold and energy, the balance recorded a surplus of nearly $3.63 billion. The balance of payments-defined foreign trade deficit stood at $4.34 billion during the month.
On a rolling 12-month basis, the current account deficit narrowed to about $37.3 billion, while the foreign trade deficit reached $74.4 billion.
The services balance generated a 12-month surplus of $62.5 billion, while the primary income deficit stood at $24.1 billion and the secondary income shortfall at $1.3 billion.
