Current account surplus up €238 mln in Q2

Telco

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Hungaryʼs current account surplus in the second quarter of the year was a combined €1.97 bln, compared to a €1.74 bln surplus in the first quarter, preliminary monthly balance of payments data from the National Bank of Hungary (MNB) showed today, according to Hungarian news agency MTI.

The balance of goods and services showed a €3.36 bln surplus in Q2, up by €500 mln compared to the first quarter. The balance of goods had a surplus of €1.99 bln, and the balance of services an €1.36 bln surplus in April-June. 

Primary income showed a deficit of €960 mln in Q2, greater than the €646 mln primary income deficit in Q1.

Compensation of employees represented income of €642 mln, while transfers from the EU increased primary income by €345 mln, but investment income was a negative €1.95 bln.

Secondary income in Q2 showed a €420 mln deficit, practically unchanged from Q1.

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