Hungary’s net external financing capacity came to €1.070bn (HUF 285bn) in the second quarter, the National Bank of Hungary (MNB) said on Friday in its quarterly balance of payments report.
Adjusted for seasonal effects, the external financing capacity — the combined surplus on the country’s current and capital accounts — was 3.3% of GDP (HUF 232bn).
The seasonally-adjusted data show the surplus of goods and services continued to grow in 2011, but at a slower pace than in previous quarters. In Q2, the surplus on goods and services continued to exceed the income account deficit, but seasonally-adjusted export revenue and import expenditures fell from the previous quarter, the MNB said.
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