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HUNGARY TRADE DEFICIT SWELLS TO EUR 1.150 BN IN JULY

 

Hungary’s trade deficit grew to 1.150 billion euros July, the Central Statistical Office said in a first reading of the data. The gap was the largest in a string of deficits running for 13 consecutive months, an anomaly for Hungary, an export-driven economy where trade surpluses are the norm. Exports rose by an annual 12.9% to 10.813 billion euros in July. Imports climbed by 22.7% to 11.962 billion.