Hungary C/A deficit reaches EUR 1.556 bn in October

Hungary’s current account had a 1.556 billion euro deficit in October, preliminary monthly data released by the National Bank of Hungary (NBH) on Thursday show.

Hungary had a EUR 1.048 billion trade deficit for the month, the balance of a 1.483 billion deficit in trade of goods and a EUR 435 million surplus in trade of services.

The primary income balance showed a deficit of 371 million euros as investors repatriated 544 million from direct investments.

Capital transfers from the European Union came to 63 million euros for the month.

Source: MTI