Recent data from the Central Bank of the Republic of Turkey indicates a reduction in the country's current account surplus as the final quarter commences. The current account surplus declined to $1.88 billion from $3.01 billion in the previous month of September.
In terms of trade in goods, the deficit increased to $3.54 billion compared to a $3.12 billion deficit the previous month, attributed to imports outpacing exports. The services trade surplus also saw a decrease, coming in at $6.45 billion, down from $7.37 billion in September. Within the services sector, travel services yielded a net inflow of $5.1 billion.
Primary income experienced a deficit of $1.05 billion, which is a reduction from the $1.22 billion deficit recorded in the earlier month. Simultaneously, secondary income shifted to a surplus of $20 million, reversing a previous deficit of $17 million.
The capital account deficit expanded slightly to $7 million from $6 million in the prior period. The financial account registered a shortfall of $1.69 billion, compared to the $1.09 billion deficit noted in September.
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