Türkiye's current account deficit at $6.5B in May

Gap widens by $3.2B on annual basis, official data shows

By Tuba Sahin

ANKARA (AA) - Türkiye's current account balance registered a $6.5 billion deficit in May, widening by $3.2 billion year-on-year, according to official data released on Friday.

This stemmed from a marked rise in the goods trade deficit, which soared by $5.7 billion to reach $8.8 billion, the Turkish Central Bank said.

The country’s 12-month rolling deficit stood at $29.4 billion this May

The gold- and energy-excluded current account posted a $388 million surplus, versus a deficit of over $1 billion in the same month of last year.

A group of 16 economists surveyed by Anadolu Agency this week projected the current account gap would come in at $6.15 billion in May.

The survey showed the end-2022 current account balance is forecast to see a deficit of $42.4 billion.

In April, the current account had a deficit of $2.7 billion.

Kaynak:

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