Finland Current Account

Finland

Finland: Current account improves in March

May 15, 2012

In March, the current account balance incurred a deficit of EUR 42 million, which represents an improvement over the EUR 211 million deficit recorded in February (previously reported: EUR 230 billion deficit) and the EUR 636 million shortfall recorded in the same month last year. The trade balance swung from a EUR 381 million deficit in February to a EUR 102 million surplus in March, mostly reflecting a sharp decline in imports that outpaced a moderation in exports. Imports plunged 10.3%, which contrasted the 8.9% expansion recorded in February. Exports also fell into negative territory, contracting 1.1%, which contrasted the 0.6% increase seen in February. As a result, the 12-month moving sum of the current account balance improved, stepping up from minus EUR 1.9 billion in February to minus EUR 1.3 billion in March.


Author:,

Sample Report

Looking for forecasts related to Current Account in Finland? Download a sample report now.

Download

Finland Current Account Chart


Finland Current Account April 2012

Note: Monthly and 12-month current account balance in EUR billion.
Source: Bank of Finland (BoF).


Finland Economic News

More news

Search form