Hungary’s May c/a surplus dips from April
Hungary's current-account surplus dropped to €317 mln in May, down from €519 mln in April, data pubished by the National Bank of Hungary revealed yesterday.
The capital account surplus reached €430 mln in May, while the combined surpluses of the current and capital accounts totaled at €747 mln. The data also reveals that capital transfers from the EU came to €430 mln in May.
Current account data used to be issued quarterly, but the central bank said it has now launched the monthly release of data “to inform users of real economy and financing developments related to the rest of the world with the shortest lag possible following the reference period.”
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.