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Trade deficit EUR 923 million in October

Hungary had a 923 million euro trade deficit in October, a second reading of data released by the Central Statistical Office (KSH) on Thursday shows.

The gap was revised downward from 1.009 billion euros in a first reading of data released on Dec. 8.

Exports rose by 22 percent to 12.5 billion euros, while imports increased by 26 percent to 13.4 billion euros.

Hungary’s terms of trade deteriorated by 5.9 percent during the period as the forint weakened 16 percent to the euro and 37 percent to the dollar.

Export volume rose by an annual 11 percent, while import volume was up 7.6 percent. Adjusted for calendar year effects, export volume was up 10 percent and import volume 8.8 percent.

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