MNB: Hungary c/a surplus €1.981 bln in 2015 Q1

Telco

Hungaryʼs current-account surplus reached €1.981  bln at the end of the first quarter, the first reading of a balance of payment data published by the National Bank of Hungary (MNB) today reveals.

The countryʼs external financing capacity - calculated as a combined surplus of the current and capital accounts - came to a preliminary €2.990 bln. Based on the financial account, the external financing capacity was €1.599 bln.

The seasonally adjusted surplus on transfers to and from the EU amounted to €1.581 bln in 2015 Q1, with the seasonally unadjusted surplus amounting to €1.323 bln.

The adjusted surplus on goods amounted to €1.409 bln. Exports reaching €20.263 bln and imports €18.805 bln both continued to rise relative to the previous quarter.

The surplus on services amounted to €1.339 bln in 2015 Q1. Travel surplus was €762 mln and surplus from other services €612 mln.

In the first quarter primary income showed a deficit of €664 mln and the deficit on the secondary income was €97 mln.

With seasonally adjusted figures the current account balance was €1,805 mln in the first quarter of 2015.

For 2014 Q1-Q4 the updated adjusted data showed a current account balance of €4.341 bln. The surplus on goods was €2.747 bln, surplus on services €4.995 bln, while a €2.815 bln deficit on the primary income and a €751 mln deficit on the secondary income was calculated.

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