In January, the current account recorded a surplus of EUR 172 billion. The reading came in above the EUR 125 million observed recorded in December and marked the third consecutive surplus in the current account balance. The improvement was entirely driven by a rebound in the trade balance, which swung from a EUR 308 million shortfall in December to a EUR 6 million surplus in January. Exports stepped up from a 2.4% year-on-year contraction in December to a 0.1% decrease, whereas imports moderated from an 11.8% expansion to a 4.1% increase. Meanwhile, the services and income as well as the current transfers balances stepped down compared to December. Despite the positive monthly reading, the moving 12-month sum continued to decline, falling from minus EUR 1.3 billion in December to minus EUR 1.5 billion in January.
Finland Current Account
Current account balance remains positive Jan.
March 15, 2012
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Finland Economic News
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.
October 14, 2016
The current account posted a EUR 166 million deficit in August, according to Statistics Finland.
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.