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Turkish November Trade Gap Narrows for First Time in 2 Years
By Steve Bryant - Dec 30, 2011 3:20 AM ET
Turkey’s trade defici (TUTBALBN)t narrowed from a year earlier to $7.5 billion in November, the first annual contraction in two years, as export growth outpaced imports.
The deficit compared with a revised $7.8 billion in November 2010, the statistics office in Ankara said on its website today. The last time the gap narrowed was in October 2009. The figure was less than the median estimate of $7.9 billion from four analysts in a Bloomberg survey.
More:Turkish November Trade Gap Narrows for First Time in 2 Years - Bloomberg
