Hungary posts EUR 95 m trade deficit in May, says Central Statistical Office

Hungary’s trade balance showed a 95 million euro deficit in May, the Central Statistical Office (KSH) said in a second reading of data released on Monday.

A first reading of the data, released on July 7, had shown a 135 million forint trade surplus.

Hungary, an export-driven economy where trade surpluses are the norm, had a trade deficit for the eleventh month in a row.

The revised data show exports rose by an annual 29.5 percent to 12.289 billion euros, while imports climbed by 31.4 percent to 12.384 billion, KSH said.