The current account balance incurred a surplus of EUR 455 million in September, which came in well above the revised EUR 97 million surplus observed in August (previously reported: EUR 174 million surplus). In addition, the robust reading marked the largest current account surplus this year. The larger current account surplus mainly reflected a swing in the trade balance, which passed from minus EUR 26 million in August to plus EUR 280 million in September. Lower imports, which fell from a 14.3% increase in August over the same month last year to a 1.7% contraction in September, were the main driver behind the larger trade surplus. Export growth moderated as well but remained in positive at 3.1% (August: +10.6% yoy). In addition, the services and income balance surplus widened from EUR 273 million in August to EUR 325 million in September, whereas the current transfers balance recorded a shortfall of EUR 150 million for the third consecutive month. Owing to the healthy current account reading, the moving 12-month current account balance surplus rose from EUR 1.9 billion in August to EUR 2.1 billion in September.
Finland Current Account
September sees largest current account surplus this year
November 15, 2011
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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.