UPDATE - Türkiye sees current account surplus of $1.9B in October

ADDS MORE DETAILS

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's current account balance posted a surplus of $1.88 billion in October, the Turkish Central Bank said in a statement on Thursday.

The gold- and energy-excluded current account balance also saw a net surplus of $7.16 billion, the bank noted.

In the month, the goods deficit was at $3.5 billion, while services saw a net inflow of $6.45 billion. Travel items, under services, had a net inflow of $5.1 billion.

Primary income saw a net outflow of $1.05 billion and secondary income had a net inflow of $20 million.

Direct investment had a net outflow of $204 million.

The country’s current account posted a surplus of $3 billion in September, while the annualized current account deficit was at $9.65 billion.

The new figures show Türkiye's current account balance posting its fifth consecutive surplus for the first time in five years, said Turkish Trade Minister Omer Bolat on X.

Stressing that the strong improvement in the current account continues to present a positive outlook for the future of the economy by reinforcing macroeconomic stability, Bolat said that the country's risk premium continues to decline thanks to an improved atmosphere of economic confidence.