Turkey's Aug. Current Account Surplus Narrows

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Turkey posted a current account surplus of US$ 127 million in August, narrowing from a surplus of US$ 220 million in July, the central bank said Monday.

The goods and services surplus decreased to US$ 504 million from US$ 577 million in July, while the income account deficit widened to US$ 521 million from US$ 476 million.

At the same time, the services account surplus increased to US$ 3.9 billion from US$ 2.8 billion, and the current transfers surplus rose to US$ 144 million from US$ 119 million.

Meanwhile, the capital and financial account showed a surplus of US$ 995 million, up from US$ 623 million in the previous month.

(Market News Provided by RTTNews)