IHA0067DA0-EKO/12-TEM-0029-0E27


- UPDATE: Turkish May Current Account Deficit $2.997 Bln

ISTANBUL (IHA) - Turkey's current account was in deficit to the tune of $2.997 billion in May, widening from a deficit of $1.624 billion the equivalent month a year earlier, the country's central bank said Monday.

In the first five months of 2010, the current account deficit widened to $17.433 billion from a deficit of $5.181 billion in the comparable period of 2009.

In 2009, the full-year current-account deficit was $13.854 billion, narrowing from a deficit of $41.947 billion the previous year, the bank said.

Foreign trade registered a deficit of $3.531 billion in May, compared with a deficit of $2.441 billion in the comparable month of 2009, the bank said.

During the first five months of the year, the foreign trade deficit was $16.139 billion, widening from a deficit of $5.172 billion in January to May of 2009.

In 2009 as a whole, the foreign trade deficit was $24.729 billion, less than half the figure of a year earlier.
(YC-YC-E-ENG)


12.07.2010 10:49:07 TSI
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