| Hungary's external trade posted a EUR 548mn surplus in September, up by 19.4% y/y, the preliminary figures from the statistics office (KSH) showed. The improvement of the country's foreign trade position slowed down in the month, after the import performance caught up with exports suggesting for recovery of domestic demand. Both imports and exports growth slowed down to 18.3% y/y and 18.2% y/y, respecitvely. In cumulative terms, the foreign trade surplus reached EUR 4bn for the Jan-Sep period, surging by 59.2% y/y. Exports rose by 21.6% y/y for the period, outperforming imports, which were up by 19.3% y/y. |
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