Financial News: Hungary Trade Surplus Shrinks In November

Hungary Trade Surplus Shrinks In November

01/03/2025 - 03:34:00 (RTTNews)

(RTTNews) - Hungary's foreign trade surplus decreased notably in November from a year ago, as exports fell amid an increase in imports, preliminary data from the Hungarian Central Statistical Office showed on Friday.

The trade surplus dropped to EUR 742 million in November from EUR 1.45 billion in the corresponding month last year.

In October, the trade balance showed a surplus of EUR 1.04 billion.

Exports declined 3.5 percent annually in November, faster than the 0.5 percent decrease a month ago. Meanwhile, imports rebounded 2.3 percent versus a 0.1 percent drop in October.

On a monthly basis, both exports and imports slid by 2.7 percent and 0.4 percent, respectively.

Separate official data showed that Hungary's unemployment rate rose to 4.7 percent in the September to November period from 4.6 percent in August to October. The number of unemployed people rose to 230,800 from 225,600. During November, the rate held steady at 4.5 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Singapore Private Sector Slips Into Contraction - S&P Global (04 hr(s), 03 min(s), 30 sec(s) ago)
(RTTNews) - The private sector in Singapore fell into contraction territory in January, the latest ...Full Story»

Hong Kong PMI Ebbs In January - S&P Global (04 hr(s), 05 min(s), 30 sec(s) ago)
(RTTNews) - The private sector in Hong Kong continued to expand in January, albeit at a slower pac ...Full Story»

Japan Services Sector Accelerates In January - Jibun (04 hr(s), 08 min(s), 30 sec(s) ago)
(RTTNews) - The services sector in Japan continued to expand in January, and at a faster pace, the ...Full Story»

South Korea Inflation Jumps 2.2% On Year In January (05 hr(s), 25 min(s), 30 sec(s) ago)
(RTTNews) - Consumer prices in South Korea were up 2.2 percent on year in January, Statistics Kore ...Full Story»

South Korea Inflation Data On Tap For Wednesday (06 hr(s), 15 min(s), 30 sec(s) ago)
(RTTNews) - South Korea will on Wednesday release January numbers for consumer prices, highlightin ...Full Story»

Australia Services PMI Improves To 51.2 - S&P Global (06 hr(s), 41 min(s), 30 sec(s) ago)
(RTTNews) - The services sector in Australia continued to expand in January, and at a faster pace, ...Full Story»

New Zealand Jobless Rate Climbs To 5.1% In Q4 (06 hr(s), 52 min(s), 30 sec(s) ago)
(RTTNews) - The unemployment rate in New Zealand came in at a seasonally adjusted 5.1 percent in t ...Full Story»

U.S. Factory Orders Slump More Than Expected In December (13 hr(s), 01 min(s), 30 sec(s) ago)
(RTTNews) - Reflecting a steep drop by orders for transportation equipment, the Commerce Departmen ...Full Story»