In December, the current account incurred a surplus of EUR 89.4 million, which was lower than the revised EUR 212 million surplus recorded in November (previously reported: EUR 302 million). The services and income accounts was broadly unchanged compared to the previous month. However the trade balance remained in negative territory for a third month in a row. The negative print was the result of exports recording a 3.5% year-on-year contraction in December, down from a flat reading in November, while imports improved from a 4.2% expansion in November to a 10.3% increase. Owing to the subdued reading, the moving 12-month current account balance dropped from a revised minus EUR 274 million in November (previously reported: EUR -184 million) to minus EUR 1,017 million in December.
Finland Current Account
Current account incurred a surplus
February 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.