TODAY’S – Turkish trade deficit hits highest in a year

Turkish trade deficit hits highest in a yearTurkeyand#39s foreign trade deficit surged in November as exports plunged and imports rose, hitting the highest monthly figure since December 2013, government data showed.Fgures from the Turkish Statistical Institute (TurkStat) revealed on Wednesday that the countryandrsquos trade deficit rose to $8.

32 billion in November from $7.21 billion in the same month of 2013.

The trade deficit in November exceeds the median market estimate of $6.95 billion and is the highest since December 2013.

Turkeyandrsquos exports fell 75 percent year-on-year in November while imports increased 02 percent, TurkStat said.In the first ten months of 2014, trade deficit fell to $75.

96 billion from $89.89 in the same period last year.

SOURCE: Today’s Zaman