12.01.201802:26:00UTC+00Turkey's Current Account Deficit Widens In November

Turkey's current account deficit increased in November, data from the Central Bank of the Republic of Turkey showed Friday.

The current account deficit rose to $4.2 billion from $3.7 billion in October. The deficit was forecast to rise to $3.85 billion.

The trade deficit widened to $3.4 billion from $2.96 billion a month ago. Further, the balance on trade in goods, services and primary income showed a shortfall of $4.45 billion versus a deficit of $4 billion in the previous month.

Secondary income fell to $255 million from $264 million in October.

The capital account logged a deficit of $1 billion for the second straight month in November.