In September, the current account balance posted a EUR 73 million surplus. The figure contrasted the revised EUR 22 million deficit seen in August (previously reported: plus EUR 75 million), but was lower than the EUR 442 million surplus recorded in the same month last year. The trade balance recorded a surplus of EUR 118 million, which is virtually unchanged from the EUR 120 million surplus seen in August. Exports contracted 7.4% in September, which marks, in fact, the largest contraction in five months and contrasts the 5.9% expansion seen in August. Meanwhile imports declined further, falling 6.4% in September (August: -0.9% yoy). The 12-month moving sum of the current account balance declined to minus EUR 4.2 billion (around 2.0% of GDP).
Finland Current Account
Current account balance rebounds in September
November 15, 2012
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Finland Current Account Chart
Note: Monthly and 12-month current account balance in EUR billion.
Source: Bank of Finland (BoF).
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.