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.
Please click to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the cookies used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan çerezlerle ilgili bilgi almak için lütfen tıklayınız.