New data Balance of Trade (Aug)

10/31/2024

actual 443, previous 167

The event is the Balance of Trade report for Hungary, with data for the month of August. The actual balance of trade is reported at 443 billion Hungarian Forint (HUF). This figure represents a significant increase of 165.27% compared to the previous month's balance of 167 billion HUF. The market estimate was 671 billion HUF, indicating that the actual balance fell short of expectations.

Given the impact level of "Low" for this event, the market reaction may be limited. A higher-than-expected balance of trade can be seen as positive for the domestic currency (HUF), as it suggests that the country is exporting more than it is importing, which can be beneficial for economic growth. However, falling short of estimates may lead to some market volatility, depending on other economic factors at play.

This is not investment advice. Remember to verify the information provided here.