The current account balance in Turkey had a deficit of 3,27 billion dollars in February. Thus, the highest deficit figure was reached since July 5,7, when there was a deficit of 2023 billion dollars in the current balance.
In February, the annualized current account deficit was recorded as 31,8 billion dollars.
In February, the current account balance excluding gold and energy, which is the core balance indicator, gave a surplus of 2,1 billion dollars.
While the balance of payments-defined foreign trade deficit was 4,8 billion dollars, net inflows from the services balance were 2,4 billion dollars. Under this item, net revenues from the travel item reached 2 billion dollars.
The outflow in direct investments attracted attention in February.
According to CBRT data, net outflows from direct investments were recorded as 142 million dollars.
There was a net inflow of 4,4 billion dollars in portfolio investments. When analyzed by sub-items, it was seen that non-residents made a net sale of 136 million dollars in the stock market and a net purchase of 98 million dollars in the government domestic debt securities market.
There was a net decrease of 6,23 billion dollars in official reserves this month.
Net errors and omissions item had a deficit of 4,98 billion dollars in February and 6,89 billion dollars in the January-February period.
