In February, the current account balance recorded a deficit of EUR 230 billion, which contrasted the EUR 175 billion surplus (previously reported: EUR 172 billion surplus) tallied in January and marked, in fact, the first shortfall in four months. The deterioration over the previous month was entirely driven by a drop in the trade balance, which swung from a EUR 3 million surplus in January to a EUR 401 million deficit in February. Imports accelerated to an 8.4% expansion, up from a 5.2% increase in January, whereas exports swung from a 0.8% rise in in January to a 0.4% contraction in February. As a result, the 12-month moving sum of the current account balance continued to decline, falling from minus EUR 1.5 billion in January to minus EUR 1.9 billion in February.
Finland Current Account
Current account turns negative in February
April 13, 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.