Finland: Current account deficit widens in April
June 15, 2017
Finland´s current account recorded a deficit in April, worsening from previous month’s result. According to Statistics Finland, April’s current account deficit stood at EUR 0.7 billion, contrasting March’s EUR 0.1 billion surplus. This marks the worst result since April 2016.
In the 12 months up to April, the current account deficit totaled EUR 1.9 billion, improving slightly from March’s corresponding figure of EUR 2.0 billion.
The trade balance also deteriorated. April saw a EUR 48 million deficit in the trade balance, contrasting March’s EUR 0.5 billion surplus. On an annual basis, exports grew 3.5% in April, a notable slowdown from March’s 22.2% increase. Imports also slowed, growing 4.3% in April, below the previous month´s 9.3% rise.
Author: Christopher Mc Innes, Economist