Finland Current Account September 2016

Finland

Finland: Current account deficit stable in September

November 15, 2016

The current account posted a EUR 167 million deficit in September, according to Statistics Finland. The result contrasted the EUR 341 million surplus recorded in the same month last year but was virtually unchanged from August’s EUR 166 million deficit.

In the 12 months up to September, the accumulative current account balance recorded a EUR 2.4 billion deficit, which exceeded August’s accumulated current account deficit of EUR 1.9 billion.

The trade balance was EUR 94 million in surplus in September, which was a remarkable upswing from August’s EUR 301 million deficit. On an annual basis, exports fell 0.6% in September, which followed August’s more pronounced 2.4% decline. Imports decreased to a 0.3% contraction from August’s 3.2% expansion.

FocusEconomics Consensus Forecast panelists expect the current account to be balanced in 2016, which is unchanged from last month’s projection. For 2017, the current account is expected to register a surplus of 0.1% of GDP, which is also unchanged from last month’s estimate.


Author:, Economist

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