Finland: Current account deficit widens in July
September 15, 2014
The current account posted a EUR 765 million deficit in July. The print marked a deterioration compared to the EUR 59 million deficit recorded in June and represented the largest deficit since April.
The trade balance registered a deficit of EUR 101 million in July, which contrasted the EUR 133 million surplus recorded in June. Exports contracted 1.8% over the same month last year (June: +2.9% year-on-year) and imports shrunk 3.8% in July (June: +7.2% yoy).
In the 12 months up to July, the current account balance recorded a EUR 4.0 billion deficit, which marked a slight deterioration over the EUR 3.3 billion shortfall recorded in the 12 months up to June.