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Hungary Third-Quarter Current Account Surplus Exceeds Estimates

Dec. 28 (Bloomberg) -- Hungary’s current-account surplus widened more than estimated in the third quarter.

The surplus was 780 million euros ($1 billion), compared with a revised 478 million euro surplus in the second quarter and a surplus of 328 million euros a year earlier, the central bank in Budapest said in an e-mailed statement. The median projection in a Bloomberg survey of four economists was for a 628 million-euro surplus.

The seasonally adjusted current-account surplus was 616 million euros, the Magyar Nemzeti Bank said.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Wojciech Moskwa at wmoskwa@bloomberg.net

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