New York  London  GMT  Tokyo  Singapore 
11:34 GMT
30
Sep 2008

Hungary Current Account Deficit Widens In Q2

(RTTNews) - Tuesday, the Hungary’s central bank announced that the current account deficit stood at an unadjusted EUR1.83 billion in the second quarter, widening from the EUR1.64 billion deficit recorded in the previous quarter.

The surplus on the goods account slid to EUR287 million from EUR375 million, while on the services account it rose to EUR301 million from EUR73 million.

On a seasonally adjusted basis, the current account deficit totaled EUR1.62 billion in the second quarter, down from EUR1.69 billion in the first three months of the year.

In second quarter, the net external financing requirement increased to 4.4% of GDP, or EUR1.19 billion on a seasonally adjusted basis from the prior quarter.

The central bank statement said the CSO and the MNB have revised data for goods, services, compensation of employees and current transfers in the national accounts and the balance of payments back to 2004 on September 30. They revised their methodologies related to the publication of statistical data and have revised the related statistical time series accordingly.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved

Posted in Categories: Economy, Eurozone, Releases, Stocks.

If you like this article please...
Subscribe by RSS Subscribe by Email Email This Post To A Friend Email This Post To A Friend
Opinions From Our Contributors
Commodities Financials Exchange Traded Funds
Stocks Forex Economy

Theme By: WordPress Theme Shop