Hungary's Q1 C/A deficit reaches EUR 2.337 bln

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Hungary's current account had a EUR 2.337 billion deficit in the first quarter, state news wire MTI reports, citing an amalgamation of preliminary monthly data released by the National Bank of Hungary (MNB).

Hungary had a EUR 1.101 bln trade deficit for the quarter, the balance of a EUR 2.239 bln deficit in trade of goods and a EUR 1.138 bln surplus in trade of services.

The primary income balance had a deficit of EUR 838 million, as investors repatriated EUR 1.256 bln from direct investments.

Capital transfers from the European Union came to EUR 1.668 bln for the quarter.

MNB will publish the first release of the quarterly data for Q1 on June 22.

Hungary's current account deficit reached EUR 4.736 bln in 2021.

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