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Financial News: Hungary Trade Surplus Shrinks In August

Hungary Trade Surplus Shrinks In August

10/09/2017 - 03:34:00 (RTTNews)

(RTTNews) - Hungary's foreign trade surplus declined in August from a year ago, as imports grew faster than exports, preliminary figures from the Hungarian Central Statistical Office showed Monday.

The trade surplus dropped to EUR 440 million in August from EUR 559 million in the corresponding month last year. Economists had expected a surplus of EUR 480 million.

Both exports and imports surged by 10.0 percent and 13.0 percent, respectively in August from a year ago.

The share of EU member states was 79 percent in exports and 76 percent in imports.

During the January to August period, total trade deficit of the country was EUR 5.57 billion versus EUR 6.67 billion shortfall in the same period of 2016.

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