The MNB published the C/A data for September yesterday. The central bank will release a first reading of C/A data for the third quarter on December 21.
The monthly data shows Hungary had a EUR 229 million trade deficit in Q3, the balance of a EUR 2.221 bln deficit in the trade of goods and a EUR 1.993 bln surplus in the trade of services.
The primary income balance shows a deficit of EUR 1.34 bln, as investors repatriated EUR 1.581 bln from direct investments.
Capital transfers from the European Union came to EUR 737 mln for the quarter.
Under reserve instruments, the data shows the arrival of EUR 2.246 bln of special drawing rights in August, part of a general allocation of SDRs by the IMF board of governors to all participating IMF members. The allocation was made in proportion to members' exi sting quotas in the fund.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
