Türkiye's current account surplus rises to $566M in July
Türkiye’s current account surplus surged to $566 million in July, surpassing forecasts and reversing a deficit from the previous year. Excluding gold and energy, the surplus was $4.9 billion, driven by a strong performance in the services sector.
- Economy
- Anadolu Agency
- Published Date: 11:16 | 12 September 2024
- Modified Date: 11:17 | 12 September 2024
Türkiye's current account surplus rose to $566 million in July, more than market forecast, according to Central Bank data released on Thursday.
The figure increased from a downwardly revised $330 billion surplus in June and shifted from a $5.3 billion deficit in July 2023.
Excluding gold and energy, the current account registered a surplus of $4.9 billion for the month, the Central Bank reported.
In July, the goods deficit reached to $5.2 billion, while the services sector posted a net surplus of $6.9 billion. Within the services sector, the travel category contributed a net inflow of $5.6 billion.
For the January-July period, the current account balance registered a $16.1 billion deficit.