The latest data: Hungary’s trade deficit over 1 billion euro and PMI fell

Hungary had a 1.298 billion euro trade deficit in July, the Central Statistical Office(KSH) said in a second reading of data on Monday.

Trade deficit

A first reading of the data, released on September 8, showed a 1.150 billion euro trade deficit.

Monday’s data show exports rose by an annual 12.8 percent to 10.802 billion euros, while imports increased by 24.1 percent to 12.100 billion euros.

For the period January-July, Hungary’s trade deficit reached 3.475 billion euros. Exports rose by 16.4 percent to 80.475 billion euros and imports climbed 27.4 percent to 83.951 billion euros.

Hungary’s terms of trade deteriorated 6.5 percent in July from the same month a year earlier as the forint weakened 13 percent to the euro and 31 percent against the dollar.

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PMI at 49.6 in September

Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) fell to 49.6 points in September from 57.8 in August, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.

A PMI over 50 signals expansion in the manufacturing sector.

Among the PMI sub-indices, the new orders index fell from the previous month but remained over 50.

The production volume index also fell and dropped below the 50-point mark.

The employment index fell but still showed growth.

Delivery times were longer than in August.

The gauge of purchased inventories decreased and was under the 50-point mark.

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