Finland: Current account balance remains positive Aug.
October 15, 2012
In August, the current account balance posted a EUR 75 million surplus. The figure, which marked the third consecutive monthly surplus, was lower than the revised EUR 108 million surplus seen in July (previously reported: EUR 149 million) but contrasted the EUR 9 million deficit recorded in the same month last year. The trade balance recorded a surplus of EUR 207 million, which contrasted the EUR 201 million deficit seen in August last year. Exports accelerated from a 2.9% increase in July to a stronger 6.0% expansion in August, which marks, in fact, the highest growth rate in a year. Meanwhile imports declined further, falling 2.7% in August (July: -2.2% yoy).