EUR 295 Mn Current-Account Surplus in September

Hungary's current-account surplus was little over EUR 295 million in September, compared to a EUR 159 million deficit in August, data released by the National Bank of Hungary (MNB) on Friday show.

The trade surplus reached EUR 1.258 billion, the balance of a EUR 72 million deficit in trade of goods and a EUR 1.331 billion surplus in trade of services.

The primary income balance showed a deficit of EUR 719 million as investors repatriated EUR 562 million and remittances reached EUR 404 million.

In the capital account, capital transfers from the European Union were close to EUR 59 million.

An amalgamation of the monthly data shows the third-quarter current account surplus reached EUR 196 million.

The trade surplus came to EUR 2.423 billion for the quarter, as trade in goods showed a deficit of EUR 1.566 billion, but trade in services had a surplus of EUR 3.990 billion.

The primary income balance had a deficit of EUR 1.516 billion. Profit repatriation reached EUR 1.705 billion and remittances came to EUR 1.204 billion.

In the capital account, capital transfers from the European Union were close to EUR 887 million in July-September.