Finland: Current account posts deficit in August
October 15, 2014
The current account posted a EUR 21 million deficit in August. The print marked a deterioration compared to the EUR 20 million surplus recorded in the same month last year.
The trade balance registered a surplus of EUR 8 million in August, which contrasted the EUR 38 million deficit recorded in August of last year. Exports contracted 5.2% over the same month last year (July: -1.8% year-on-year) and imports shrunk 6.2% in August (July: -2.0% yoy).
In the 12 months up to August, the current account balance recorded a EUR 4.2 billion deficit (July: EUR 4.1 billion deficit), which marked the largest deficit in almost two years.