Hungary’s P / A deficit reaches 817 million euros in October

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Hungary’s current account recorded a deficit of 817 million euros in October, down from 393 million euros the month before, MTI reports, citing preliminary monthly data released on Wednesday by the National Bank of Hungary (MNB).

Hungary had a trade deficit of 363 million euros for the month, the balance of a deficit of 857 million euros in trade in goods and a surplus of 495 million euros in trade in services.

The primary income balance posted a deficit of 444 million euros, as investors repatriated 625 million euros of direct investment.

Capital transfers from the European Union amounted to 492 million euros for the month.

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