Hungary’s June c/a surplus dips from May

Analysis

Hungary's current-account surplus dropped to €297 mln in June, down from €317 mln in May, data published by the National Bank of Hungary (MNB) revealed today.

The central bank started using a new methodology for releasing monthly balance of payments reports in July. MNB now uses the new Balance of Payments and International Investment Position Manual 6th Edition (BPM6) methodology, although the changes do not affect the level of net external financing capacity, with one exception: illegal trade is now incorporated in the goods and services section.

Current account data used to be issued quarterly but the central bank explained earlier it launched the release of the monthly data in order "to inform users of real economy and financing developments related to the rest of the world with the shortest lag possible following the reference period".

ADVERTISEMENT

Differences in taxation in the CEE region Analysis

Differences in taxation in the CEE region

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Tihamér Tóth appointed European Court judge Appointments

Tihamér Tóth appointed European Court judge

Budapest City Council to take out HUF 32 bln development loa... City

Budapest City Council to take out HUF 32 bln development loa...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.