Turkey Trade Deficit Exceeds Estimates as Imports Grow
This article is for subscribers only.
Turkey’s trade deficit narrowed less than expected in November as imports increased for the first time since May, indicating a pickup in economic activity.
The gap was $7.16 billion in the month, bigger than the $6 billion median estimate in a Bloomberg survey of five economists. The deficit fell from $7.57 billion a year earlier, the Turkish statistics office in Ankara said on its website today. Imports rose 13 percent to $21 billion, the biggest increase since October 2011. Exports rose 25 percent to $13.8 billion.