Turkey’s current account balance posted a deficit of $2.8 billion in December 2019, the Turkish Central Bank announced Friday.

Official data showed that the figure widened by $1.7 billion from same month the previous year.

The country’s 12-month rolling surplus totaled $1.67 billion, the bank said.

An Anadolu Agency survey on Wednesday showed that economists had projected the current account balance to post a $3 billion deficit in the month.

The estimates of a group of 14 economists ranged between $2.6 billion and $3.3 billion

The survey also found Turkey’s current account balance is projected to post a $1.2

Read more: Turkey: Current account sees $2.8B gap in December