76100
Turkey Current Account Deficit Widens
Turkey Current Account Deficit Widens

Turkey Current Account Deficit Widens

Turkey Current Account Deficit Widens

Turkey’s current account deficit reached over $4.5 billion in September 2017, up by almost $3 million year-on-year, according to the central bank. September’s deficit means the 12-month rolling deficit stands at $39.3 billion, the bank stated.
The increase in the current account deficit is mainly attributable to an increase of $3.406 billion in the goods deficit that recorded a net inflow of $6.666 billion in the month, it said. Another factor is a rise in primary income deficit, which increased by $171 million hitting $1.073 billion, it added, Anadolu Agency reported.
Travel items, which constitute a major part of the services account, recorded a net inflow of nearly $2.7 billion in September, rising by $661 million year-on-year.
Meanwhile, Turkey’s benchmark stock index, BIST 100, rose 688.71 points or 0.63% to open at 109,638.06 points on Monday. The banking and holding indices went up 0.63 and 0.50%, respectively.
Among all sectors, the mining sector index saw the biggest rise—up 1.64%—whereas the insurance index had the highest decline, going down 0.06%.
At close on Friday, the BIST 100 was down 1,297.11 points--1.18%—to 108,949.35 points. The day’s trading volume was 6.3 billion liras ($1.63 billion).
The US dollar/Turkish lira exchange rate increased to 3.856 on Monday, compared with Friday’s close at 3.864. The lira gained value against euro with the EUR/TRY rate decreasing to 4.495 on Monday morning, down from 4.503 at the close on Friday.

 

Short URL : https://goo.gl/yxTgWS
  1. https://goo.gl/zT2EUF
  • https://goo.gl/rt1ix4
  • https://goo.gl/KVLQN2
  • https://goo.gl/3Da6Cc
  • https://goo.gl/vQUuje

You can also read ...

China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus