Türkiye sees current account surplus of $5.45B in August

Annualized current account posts surplus of $5.45B in August, with goods deficit of $2.8B and services surplus of $9.5B

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's current account balance posted a surplus of $5.45 billion in August, the Turkish Central Bank announced on Monday.

The surplus followed another surplus of $1.77 billion in July, while an Anadolu survey had expected a surplus of $5.47 billion for the month of August.

The current account excluding gold and energy indicated a net surplus of $10 billion, while goods recorded a deficit of $2.8 billion, the bank noted.

In August, net inflows from services totaled $9.5 billion, with transportation and travel services generating net revenues of $2.77 billion and $7.66 billion, respectively.

The January-August balance posted a $15.85 billion deficit, while the goods deficit was $44.53 billion.

During the same period, services had a net surplus of $41.23 billion, while primary and secondary income had net deficits of $122 billion and $0.49 billion, respectively.

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