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Turkey posted $1.23 billion current account deficit in February: central bank

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Turkey’s central bank said on Monday the country’s current account deficit in February narrowed to $1.23 billion.

The figure is more than a Reuters forecast for a deficit of $0.99 billion.

In January, the current account deficit was $1.613 billion. In 2019 Turkey’s current account surplus was $1.674 billion.

The deficit was $117 million in February 2019, said the central bank.

“This development is mainly attributable to $1.17 billion increase in the goods deficit recording net outflow of $1.9 billion and $222 million increase in primary income deficit to $729 million,” the bank said.

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