In November, the current account incurred a surplus of EUR 302 million. The reading contrasted the EUR 407 million deficit observed in October, which had represented the first negative reading since May. The improvement over the previous month was the result of a larger surplus in the services and income accounts. In addition, the deficit in the trade balance shrank markedly amid an improvement in exports, which recovered from a 25.7% year-on-year contraction in October to a 0.2% decline in November. Meanwhile, imports moderated from a 6.9% expansion in October to a 2.2% increase. Despite the positive current account reading, the moving 12-month sum dropped from minus EUR 8.4 million in October to minus EUR 184 million in November.
Finland Current Account
Current account balance turns positive again in November
January 16, 2012
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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.