Finland: Current account deficit widens in March
May 15, 2019
The current account balance fell to a EUR 0.47 billion deficit in March, down from February’s revised EUR 0.15 billion shortfall (previously reported: EUR 0.04 billion deficit). The current account balance in March was also lower than in the same month a year earlier, when it amounted to a EUR 0.38 billion deficit.
In the 12 months leading up to March, the current account balance totaled a EUR 3.9 billion deficit, representing a deterioration from the EUR 3.8 billion shortfall in February.
The trade balance rose to a EUR 0.22 billion surplus in March from the EUR 0.10 surplus in February. Exports fell 0.8% in March, contrasting the 5.4% rise in February, and imports decrease 2.5%, contrasting the 3.6% rise in February.
Author: Edward Gardner, Economist