Türkiye sees current account surplus of $1.77B in July

Annualized current account posts deficit of $18.8B in July, with goods deficit of $62.7B and services surplus of $62B

By Mucahithan Avcioglu

ISTANBUL (AA) - Türkiye's current account balance posted a surplus of $1.77 billion in July, the Turkish Central Bank announced on Friday.

The surplus followed a deficit of $2 billion in June, while markets had expected a deficit of $1.6 billion for the month.

The current account excluding gold and energy indicated a net surplus of $6 billion, while goods recorded a deficit of $4.6 billion, the bank noted.

The 12-month rolling balance posted a deficit of $18.8 billion in July, while the goods deficit was recorded at $62.7 billion.

In the same period, services recorded a net surplus of $62 billion, while the primary and secondary income realized a net deficit of $17.7 billion and $0.38 billion, respectively.

Net inflows from the services recorded some $8 billion in July, with net revenues from transportation and travel services reaching $2.4 billion and $6.2 billion, respectively.

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