Hungary terms of trade worsen, Oct surplus little changed in 2nd reading
Hungary had a €490.3m trade surplus in October, slightly down from a preliminary €497.4m, and down from €740.6m in September, but up from an €398m surplus a year earlier, the Central Statistics Office (KSH) said in a second reading on Friday.
October imports were slightly down in volume terms while exports rose faster in volume than in euros, and terms of trade worsened as a result, the detailed figures show. The pace of euro-term export and import growth slowed, and export growth outpaced imports now for the second month.
October exports rose 5.2% in euro terms and rose 6.6% in volume terms in twelve months. Both paces were down from the previous two months. October exports reached €6.887bn.
Imports increased 4.0% in euro terms yr/yr to €6.397bn in October, but were 0.4% under their twelve-month earlier level in volume terms. Import grew 5.4% in euro terms and grew 2.2% in volume terms in September.
Hungary registered a €5.941.1bn surplus in January-October, up €1.609bn from the same period a year earlier. Ten-month exports rose 13.9% to €66.508bn. Imports in the period were up 12.0% at €60.397bn.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.