The unadjusted net external financing capacity came to 2.763 billion Euros in the third quarter, up from the second quarter mainly due a higher surplus on goods. Using adjusted figures net transfers from the European Union totalled 1.930 billion Euros in the third quarter, up 10 million Euros from the previous quarter and up 380 million in one year.

In terms of the unadjusted values net primary income amounted to 251 million Euros and the surplus on current transfers to and from the EU was 288 million Euros. Funds received from the EU, recorded as capital transfers came to 1.021 billion Euros.

The current account surplus reached an unadjusted 1.725 billion Euros in the third quarter. Adjusted for seasonal effects, the current account surplus came to 1.304 billion Euros, up 103 million Euros in a quarter. A higher surplus for the balance of services lifted the current account surplus.

Outward investments by Hungarian residents rose by 533 million Euros and inward investments by non residents by 1.079 billion Euros in the third quarter. Investments in equities reduced the value of Hungarian’s investments abroad by 553 million Euros but reinvested earnings increased it by 282 million Euros.

Capital withdrawals in the form of super dividends reduced foreign investment by 76 million Euros. Transactions in debt instruments showed a net 805 million euro increase.

Non-residents in Hungary increased their investments with the value of equities rising 93 million Euros and reinvested earning reaching 1.54 billion Euros. The balance of transactions in debt instruments showed a 555 million euro decrease in net liabilities.

Portfolio investment transactions showed a net outflow of 1.427 billion Euros in the third quarter, reflecting a 125 million euro increase in assets and a 1.302 billion euro decrease in liabilities.

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