Turkey's current account deficit up in Jan-May

ANKARA (A.A) – July 11, 2011 - Turkey's current account deficit rose 121.3 percent to 37.2 billion USD in the first five months of 2011 when compared to the same period of 2010.
Central Bank announced the figures of balance of payments in May on Monday.
The current account balance posted a deficit of 37.2 billion USD in January-May period of 2011, indicating an increase of 20.4 billion USD over the same period of 2010.
The deficit was 16.8 billion USD in the first five months of 2010.
The current account balance posted a deficit of 2.9 billion USD in May, 2010, and 7.7 billion USD in May, 2011.
The rise in foreign trade deficit caused the current account deficit to increase.