Finland: Current account in balance again in February
April 13, 2017
The current account was almost in balance for a second consecutive month in February with a deficit of just EUR 69 million, according to Statistics Finland. The result followed the EUR 21 million surplus recorded in January.
In the 12 months up to February, the current account deficit totaled a EUR 2.3 billion, which was slightly larger than January’s cumulated current account deficit of EUR 2.1 billion and marked the largest shortfall in nearly two years
The trade balance showed a EUR 34 million in surplus in February, below January’s EUR 138 million surplus. On an annual basis, exports grew by 4.5% in February, a marked slowdown from January’s substantial 28.4% rise. Imports also slowed, growing 4.2% in February, well below January’s 16.3% rise.
Author: Christopher Mc Innes, Economist