Turkey Trade Deficit Widens 14%

Turkey’s trade deficit widened 14.1% to $4.36 billion in September from $3.82 billion in the same period a year earlier, the Turkish Statistics Institute said on Monday, Reuters reported. Exports fell 5.6% in September while imports declined 0.7%, the data showed. In the first nine months of the year, the deficit shrank 14.6% to $42.03 billion. Meanwhile, Turkey’s consumer confidence index fell by 0.3% to 74.04 points in October from 74.29 in September, according to Turkish Statistical Institute. The financial situation expectation of household index rose 2.2% sequentially to 94.09 points in October.