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Hungary: C/A deficit amounted to EUR 1.16bn in 1Q08

Posted by Erste Bank der oesterreichischen Sparkassen AG in June 30th 2008  
The central bank has published C/A balance figures this morning. The C/A deficit amounted to EUR 1.16bn in January-March 2008, a bit higher than our expectation of EUR 1bn. The four-quarter rolling C/A deficit slightly increased to EUR 5.085bn, from EUR 5.036bn, seen in 4Q07, and remained at 5% of GDP. The structure of the C/A balance has remained more or less the same. The surplus on the trade balance was EUR 744mn, thus the four-quarter rolling trade surplus increased to EUR 1.897bn (1.9% of Read More...

Filed under: Fundamental