ADVERTISEMENT

KSH: Trade surplus hits six-month low

Telco

Hungary’s trade surplus in October came to €351.0 mln, down from the €373.8 mln first reading released on December 9, the Central Statistics Office (KSH) said in a second reading of data today. The current measure is the lowest in the past six months.

KSH added that, compared to October a year ago, exports fell by 2.2%, to €7.506 bln, while imports increased by 2.6%, to €7.155 bln.

The surplus for the month fell sharply from €938.7 mln in September as the surplus in the machinery and vehicle industry narrowed from €1.111 bln to €795 mln and the energy deficit rose from €522 mln to €701m, the detailed KSH data show.

"The export and import volumes of food, beverages and tobacco grew by 3.9% and 6.0%, respectively, compared to January–October 2013," according to KSH.

ADVERTISEMENT

OECD projects Hungary GDP growth will slow to 5% in 2022 Analysis

OECD projects Hungary GDP growth will slow to 5% in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.