Finland: Current account balance rebounds in May from April's record low
July 15, 2019
The current account balance swung to a EUR 0.3 billion surplus in May, contrasting the EUR 4.2 billion deficit recorded in April, which represented the lowest reading since contemporary records began in January 2006 due to a massive slump in the primary income balance.
In the 12 months leading up to May, the current account balance totaled a EUR 4.0 billion deficit, marking an improvement over the EUR 5.3 billion shortfall in April.
The trade balance improved to a EUR 0.2 billion surplus in May, contrasting the EUR 0.2 billion deficit in April. Exports increased 3.5% in May, contrasting the 8.0% decline logged in April, while imports rose 2.7%, down from April’s 6.2% rise.
Author: Edward Gardner, Economist