TURKEY

Turkish current account gap narrows in year to June

TURKISH CURRENT ACCOUNT GAP NARROWS IN YEAR TO JUNE

Turkey's annual current account deficit shrunk to $3.7 billion in June, a fall of $1.2 billion year-on-year, the Central Bank said Friday.

June's deficit means the 12-month rolling deficit stands at $34.3 million, the bank said.

The import-export balance of goods was reduced by $670 million in Turkey's favor to $4.57 billion while the country's income from services rose by $491 million to $1.68 billion.

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