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Turkey posts yet another current account deficit in October

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Turkey’s current account remained in deficit for the 11th month in a row amid a deteriorating trade balance, Bloomberg reported.

The gap in Turkey’s current-account — the broadest measure of the country’s trade in goods and services — stood at $273 million in October. The median of 14 estimates in a Bloomberg survey was for a shortfall of $0.1 billion.

The deficit narrowed from a revised $2.56 billion in September. The 12-month rolling deficit reached $33.8 billion from $30.8 billion in the previous month.

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