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HUNGARY C/A DEFICIT EUR 1.673 BN IN JULY

 

Hungary’s current account posted a deficit of 1.673 billion euros in July, more than double the 806 million deficit in June, the National Bank of Hungary (NBH) said in a release of preliminary data on Wednesday. The trade balance was 908 million euros in the red in July, resulting from a 1.490 billion euro deficit in the trade of goods and a 582 million surplus in the trade of services. The primary income balance showed a deficit of 635 million euros, as investors repatriated 449 million from direct investments. Capital transfers from the European Union came to 301 million.