Q1 c / a surplus close to 446 million euros, according to preliminary data
MTI – Econews
Monday May 17, 2021, 1:30 p.m.
Hungary’s current account posted a surplus of just under € 446 million in the first quarter, a merger of preliminary monthly data released by the National Bank of Hungary (MNB) on Monday.
Hungary recorded a trade surplus of 1.459 billion euros for the quarter, with a surplus of 1.182 billion euros in trade in goods and a surplus of 277 million euros in trade in services.
The primary income balance was negative at € 711 million, impacted by FDI, while the secondary income balance was negative at € 303 million.
Capital transfers from the European Union amounted to around € 722 million for the quarter.
MNB will release a first reading of quarterly current account data for the first quarter on June 21.
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