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Hungary external financing capacity at EUR 1.12 bln in Q1

Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts - stood at EUR 1.119 billion in the first quarter of 2019, compared to EUR 100 million in Q4 2018, state news agency MTI calculates based on monthly balance of payments data from the National Bank of Hungary (MNB).

The current account balance in Q1 improved to a EUR 238 mln surplus, from a EUR 349 mln deficit in Q4 2018.

The surplus of goods and services was EUR 1.71 bln, up from EUR 1.16 bln. Primary income in Q1 showed a EUR 1.09 bln deficit, similar to the EUR 1.19 bln deficit in Q4.

The capital account balance improved, with the surplus rising to EUR 881 mln, up from EUR 449 mln in Q4.

Meanwhile, the financial account balance deteriorated, with the deficit growing to EUR 1.51 bln in Q1, from a EUR 1.02 bln deficit in the last quarter of 2018.