Finland: Current account deficit widens to year-high in April
June 13, 2014
The current account posted a EUR 975 million deficit in April. The print marked a retreat compared to the EUR 697 million deficit recorded in March and represented the lowest figure in twelve months.
The trade balance registered a deficit of EUR 83 million in April, which contrasted the EUR 66 million surplus recorded in March. Exports contracted 4.9% over the same month last year (March: -3.0% year-on-year) and imports fell 0.5% in April (March: -5.6% yoy).
In the 12 months up to April, the current account balance recorded a EUR 2.4 billion deficit, which marked a moderate improvement over the EUR 2.7 billion shortfall recorded in the 12 months up to March.