Turkey’s current account surplus increased in September from the previous month, defying economists’ expectations for a deficit, figures from the Central Bank showed Wednesday.
The current account surplus rose to $95.0 million in September from a revised $27.0 million in August. In Contrast, economists had expected a $0.08 billion shortfall for the month.
The goods trade deficit narrowed to $2.5 billion in September from $3.7 billion in the preceding month. Meanwhile, the surplus on services trade grew to $918 million from $531 million.
At the same time, primary income deficit dropped to $24 million in September from $57 million a month earlier. The surplus on secondary income rose to $119 million from $84 million.
The capital income account showed a balanced figure in September, after posting a surplus of $27 million in August.
The financial account surplus came in at $2.9 billion in September, up notably from $1.6 billion in the previous month.
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