Net external financing capacity down sharply in Q3

pixabay

Hungaryʼs net external financing capacity - the combined surplus of the current and capital accounts - reached EUR 1.103 billion in the third quarter, the National Bank of Hungary (MNB) said on Thursday, as reported by state news agency MTI.

Adjusted for seasonal effects, the net external financing capacity came to EUR 1.372 bln, equivalent to 4.4% of quarterly GDP, noted MTI.

The unadjusted net external financing capacity was down sharply from EUR 2.896 bln in Q2, and from EUR 1.358 bln in Q1.

The current account surplus reached EUR 806 million in Q3, falling from EUR 1.868 bln in the previous quarter. The trade surplus reached EUR 2.236 bln, while the net primary income deficit came to EUR 1.192 bln.

The Q3 capital account surplus stood at EUR 297 mln. The balance included EUR 376 mln of European Union transfers.

The financial account had a surplus of EUR 171 mln. Outward FDI rose by EUR 569 mln and inward FDI by EUR 1.309 bln.

Sustainability

The Hungarian Forestry Firm Working to Restore Soil, Spread Carbon Credits

Music

Dániel Franczia, Veszprém’s Master of the Egyptian ‘Goblet Drum’

Deals

Hungary to Acquire Controlling Stake in GySEV

Construction

Hungary’s Construction Activity Falls in July

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 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.