Turkey's current account balance posted a $1.2 billion surplus in July, the Central Bank of the Republic of Turkey (CBRT) announced Friday.
The figure broke year-on-year records, after improving from a $2.2 billion deficit in the same month last year.
The country's 12-month rolling surplus totaled $4.4 billion, according to Central Bank data.
"This development in the current account is mainly attributable to a $2.4 billion decrease in the goods item recording net outflow of $2.5 billion, as well as a $959 million increase in services inflow to $4.3 billion," the bank said.
According to an Anadolu Agency survey on Wednesday, economists projected the Turkish economy would run a current account surplus of $1.1 billion in July.
A group of 14 economists' estimates for the month ranged between surpluses of $160 million and $1.5 billion.
The bank data showed that the gold and energy-excluded current account surplus stood at $4.6 billion, up $2.4 billion from the same month last year.
Net inflows from travel items under services surged $637 million to nearly $4 billion during the same period.
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