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Q1 c/a surplus close to EUR 446 mln, preliminary data show

Debt

Hungary's current account showed a surplus of just under EUR 446 million in the first quarter, an amalgamation of preliminary monthly data released by the National Bank of Hungary (MNB) on Monday show.

Hungary had a EUR 1.459 billion trade surplus for the quarter, with a EUR 1.182 bln surplus in trade of goods and a EUR 277 mln surplus in trade of services.

The primary income balance was negative EUR 711 mln, impacted by FDI, while the secondary income balance was negative EUR 303 mln.

Capital transfers from the European Union came to around EUR 722 mln for the quarter.

MNB will release a first reading of quarterly current-account data for Q1 on June 21.

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