11 Ocak 2016 Pazartesi 11:57
Current account deficit slightly above expectations with 2.1 billion dollars in Nov.
Current account deficit indicated as one of Turkish economy's key fragilities was slightly above the expectations which was at 2.0 billion dollars, having reached 2.11 billion dollars.

According to Turkey's Central Bank data, current account deficit decreased 3.69 billion dollars comparing to November of previous year, due to fall in gold and energy imports.

Current account deficit was 27.84 billion dollars between January and November 2015, and 34.74 billion dollars in the annual term.

According to the data, between January and November, “unidentified” inflows of foreign currency rose significantly. In the same period these unidentified inflow defined as “net error and omission” item broke by an increase of 165 percent, from 4.5 billion dollars to 11.91 billion dollars against in the same period of previous year.

Non-monetary gold item recorded a net import of 1.97 million declined to 132 million dollars in November of the previous year, with a decrease by more than 90 percent.

In balance of payments, foreign trade deficit fell to 2.95 billion dollars, having decreased by 3.62 billion dollars, against the same month of the previous year.

Also, services item marked a net surplus of 1.48 billion dollars, increasing by 159 million dollars.

Travel item under services which recorded a net inflow of 1.18 billion dollars fell by 176 million dollars, compared to the same month of the previous year.

Portfolio investment saw a net outflow of 3.08 billion dollars, while subitems through liabilities, non-residents' equity security and government domestic debt securities transactions recorded net sales of 1.06 billion dollars and 666 million dollars, respectively.

Official reserves saw a net decrease of 212 million dollars.

 

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