In August, the current account balance posted a EUR 75 million surplus. The figure, which marked the third consecutive monthly surplus, was lower than the revised EUR 108 million surplus seen in July (previously reported: EUR 149 million) but contrasted the EUR 9 million deficit recorded in the same month last year. The trade balance recorded a surplus of EUR 207 million, which contrasted the EUR 201 million deficit seen in August last year. Exports accelerated from a 2.9% increase in July to a stronger 6.0% expansion in August, which marks, in fact, the highest growth rate in a year. Meanwhile imports declined further, falling 2.7% in August (July: -2.2% yoy).
Finland Current Account
Current account balance remains positive Aug.
October 15, 2012
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Finland Current Account Chart
Note: Monthly and 12-month current account balance in EUR billion.
Source: Bank of Finland (BoF).
Finland Economic News
October 14, 2016
The current account posted a EUR 166 million deficit in August, according to Statistics Finland.
October 14, 2016
In August, economic activity fell a working-day adjusted 0.1% over the same month last year, according to the Monthly Trend Indicator of Output.
September 15, 2016
In July, economic activity expanded a working-day adjusted 1.5% over the same month last year, according to the Monthly Trend Indicator of Output.
September 6, 2016
The Finnish economy recorded flat growth in Q2 over the previous quarter in seasonally-adjusted terms, which represented a slowdown from Q1’s 0.3% expansion, according to preliminary data released by Statistics Finland on 6 September.
August 15, 2016
The current account posted a EUR 219 million deficit in June according to Statistics Finland.