Hungary’s trade surplus decreased in February, preliminary data from the Hungarian Central Statistical Office showed on Thursday.

The trade surplus decreased to EUR 856 million in February from EUR 1.11 billion in the same month last year. Economists had expected a surplus of EUR 400 million.

In January, the trade surplus was EUR 855 million.

Exports grew 0.8 percent year-on-year in February, after a 5.2 percent decrease in January.

Imports increased 3.9 percent annually in February, after a 10.5 percent fall in the preceding month.

On a month-on-month basis, exports increased 9.3 percent and imports gained 10.0 percent.

Separate data from the statistical office showed that the accelerated a working-day adjusted 3.9 percent annually in February, after a 2.8 percent decline in January.

On a monthly basis, industrial production rose a seasonally adjusted gained 4.8 percent in February, following a 0.3 percent rise in the prior month.

On an unadjusted basis, industrial production rose 1.9 percent yearly in February, after a 6.7 percent decrease in the preceding month. Economists had expected a 0.7 percent rise.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.