Trade deficit at EUR 745 m in Sept

Hungary had a 745 million euro trade deficit in September, the Central Statistical Office (KSH) said in a second reading of data on Thursday.

The gap – revised from 652 million euros in the first reading – was well under the 1.580 billion one in August, the largest in a series of consecutive monthly deficits running for more than a year, an anomaly for Hungary, an export-driven economy where trade surpluses are the norm.

Exports rose by an annual 29.0 percent to 13.367 billion euros, while imports increased by 35.1 percent to 14.112 billion euros.

Source: MTI