Turkey's current account balance sees $1.8B gap in July
10:55, 11/09/2020, Friday
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FILE PHOTO: Turkish lira and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/File Photo
12-month rolling deficit hits $14.9B by this July, current account gap mainly stems from outflow in services: Central Bank
Turkey's current account balance registered a deficit of $1.8 billion in July, the Turkish Central Bank said on Friday.
The figure deteriorated from $1.9 billion surplus in July 2019 and down from $2.9 billion this June, the bank said.
Bringing 12-month rolling deficit to $14.9 billion as of this July, current account deficit mainly stemmed from outflow in services.
An Anadolu Agency survey on Thursday showed that economists had forecast a deficit of $1.9 billion.
Projections of a group of 24 economists ranged from $800 million to $2.8 billion for the month.
The survey also showed the end-2020 current account balance is expected to show a deficit of $23.6 billion.