Finland: Current account balance deteriorates to a deficit in February
April 18, 2019
The current account balance fell to a EUR 0.04 billion deficit in February, contrasting the revised EUR 0.50 billion surplus in January, which was previously reported as a EUR 0.84 billion surplus. The current account balance in February was, however, better than in the same month a year earlier, when it amounted to a EUR 0.18 billion deficit.
In the 12 months leading up to February, the current account balance totaled a EUR 3.7 billion deficit, representing an improvement compared to the EUR 3.8 billion shortfall in January.
The trade balance fell to EUR 0.15 billion in February from EUR 0.60 billion in January. Exports rose 5.3% in February, down from 11.0% in January, while imports rose 2.4% in February, down slightly from 2.5% in January.
Author: Edward Gardner, Economist