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Hungary’s July c/a surplus up from June

Deals

Hungary’s current-account surplus reached €373.5 mln in July, up from €297 mln in June, data published by the National Bank of Hungary (MNB) show today.

In July the MNB started to use the new Balance of Payments and International Investment Position Manual 6th edition (BPM6) methodology to compile its monthly reports. The only difference with the previous method is that illegal trade is now incorporated in the goods and services section.

In addition to its quarterly publications, the MNB started to release monthly data to provide better information about the “real economy and financial developments related to the rest of the world with the shortest lag possible following the reference period”.

Monthly data and estimates will be available on MNB’s website.   

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