Hungary's Current Account Surplus Rises In Q3

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Hungary's current account surplus increased to EUR 698 million in the third quarter from EUR 475 million surplus recorded in the second quarter, the central bank said Wednesday. That was the second consecutive current account surplus in 14 years.

The trade surplus decreased to EUR 1.26 billion in the third quarter from EUR 1.39 billion surplus in the second quarter. The surplus in services trade was up to EUR 718 million from EUR 417 million. Income and current transfers deficit shrank to EUR 1.28 billion from EUR 1.34 billion.

The Magyar Nemzeti Bank said the country's capital account surplus decreased to EUR 354 million from the second quarter's EUR 415 million surplus. Financial account balance turned to a deficit of EUR 157 million from a surplus of EUR 1.54 billion in the second quarter.

After adjusting for seasonal variations, current account surplus increased to EUR 424 million in the third quarter from EUR 333 million surplus recorded in the second quarter. Meanwhile, the capital account surplus narrowed to EUR 320 million from EUR 388 million.

Hungary's current account surplus increased to EUR 698 million in the third quarter from EUR 475 million surplus recorded in the second quarter, the central bank said Wednesday. That was the second consecutive current account surplus in 14 years. (Market News Provided by RTTNews)