Turkey’s current account balance posted a surplus of nearly $1.55 billion in October, according to official figures released on Wednesday.

The figure marked $1 billion drop from the same month last year.

The Turkish Central Bank’s balance of payments figures showed the country’s 12-month rolling surplus amounted to $4.33 billion.

An Anadolu Agency survey on Monday showed that economists had estimated current account balance to saw a surplus of $1.6 billion in October.

The forecast of a group of 13 economists hovered between $1.3 billion and $1.9 billion.

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