Türkiye likely to post $3.4B current account deficit for April: Survey

Economists expect industrial production to increase by 8.3% in April

By Belgin Yakisan Mutlu

ISTANBUL (AA) – Türkiye is likely to post a current account deficit of $3.39 billion for April, according to an Anadolu Agency survey on Thursday.

Estimates from a group of 16 economists ranged between $2.36 billion and $5.2 billion.

The figure stood at $5.55 billion in March.

The Turkish Central Bank will release its official balance of payments data on Monday.

The current account deficit is likely to be around $40.72 billion at the end of the year, with the economists’ estimates ranging between $27.5 billion and $55 billion.

- Industrial production

A separate survey showed Türkiye’s industrial production is expected to increase by 8.3% in April, following a 9.6% annual jump in March.

Estimates from a group of 12 economists ranged between 6% and 10.3%.

The Central Bank will also release its industrial production data on Monday.

Kaynak:

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