Turkey's current account deficit continues to increase

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Turkey's current account balance registered a 5.15 billion US dollars deficit in February, widening 2.71 billion dollars year-on-year, according to Central Bank data released today (April 11).

The bank said the country's 12-month rolling deficit stood at 21.84 billion dollars in February.

Goods trade deficit rose 3.9 billion dollars annually to reach 6 billion dollars.

The services item showed a net surplus of 1.61 billion dollars, increasing 874 million dollar year-on-year.

The gold- and energy-excluded current account posted a 2.17 billion dollar surplus in February, up from a surplus of 624 million dollars the same month of last year. (HA/VK)