Hungary C/A Deficit Edges up to EUR 1.693 bln in Aug

Debt

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Hungary's current account had a EUR 1.693 billion deficit in August, slightly up from a HUF 1.674 bln deficit in the previous month, according to preliminary monthly data released by the National Bank of Hungary (MNB) on Saturday.

Hungary had a EUR 1.169 bln trade deficit for the month, the balance of a EUR 1.762 bln deficit in trade of goods, and a EUR 593 million surplus in trade of services.

The primary income balance showed a deficit of EUR 399 mln, as investors repatriated EUR 487 mln from direct investments.

Capital transfers from the European Union came to EUR 217 mln for the month.

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