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TRADE DEFICIT OVER EUR 1 BN IN OCT

 

Hungary posted a 1.0 billion euro trade deficit in October, the Central Statistical Office (KSH) said in a first reading of data. The gap widened from 745 million euros in September, but narrowed from 1.580 billion in August, the largest in a series of consecutive monthly deficits running for more than a year, an anomaly for Hungary where trade surpluses are the norm. Exports rose by an annual 21.0% to 12.4 billion euros, while imports increased by 25.7% to 13.4 billion. For the period January-October, Hungary’s exports increased by an annual 19.9%, while imports rose by 29.5%. The trade deficit reached 6.809 billion euros for the period.