Hungary Current Account Deficit at EUR 1.049 bln in December
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Hungary's current account had a EUR 1.049 billion deficit in December, after months of surpluses, news wire MTI reports, citing preliminary monthly data released by the National Bank of Hungary (MNB) on Wednesday.
The trade deficit reached EUR 90m, the balance of a EUR 911 million deficit in trade of goods and an EUR 822 mln surplus in trade of services.
The primary income balance showed a deficit of EUR 746 mln, as investors repatriated EUR 852 mln from direct investments.
Capital transfers from the European Union came to EUR 399 mln for the month.
An amalgamation of the preliminary monthly data shows Hungary had a current account deficit of EUR 72 mln for the fourth quarter.
The data show a trade surplus of EUR 2.586 bln, with a EUR 117 mln surplus in trade of goods and a EUR 2.469 bln surplus in trade of services.
The primary income balance had a deficit of EUR 2.205 bln, as investors repatriated EUR 2.505 bln from direct investments.
Capital transfers from the European Union came to EUR 640 mln for the quarter.
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