- 16 Feb 2012 8:00 AM
The surplus was €6.956 billion for the whole year of 2011, a 26% increase from the €5.515 billion in 2010.
“The December trade surplus was below forecasts, in line with the slowdown in industrial output,” observed analyst Gergely Suppan of Takarekbank.
“The trade surplus might exceed €8 billion in 2012, not because of expanding exports but because imports will fall, due to the austerity measures and postponement of fixed capital investments,” said Erste Bank analyst Zoltan Arokszallasi."
Source: Hungary Around the Clock
This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.