Finland: Current account rebounds to surplus in December
The current account swung to a surplus of EUR 0.8 billion in December contrasting the revised EUR 0.1 billion deficit in November (previously reported: EUR 0.3 billion surplus) and the EUR 0.2 billion deficit recorded in December 2018.
In the 12 months leading up to December, the current account balance clocked a deficit of EUR 0.3 billion, marking an improvement from the EUR 1.2 billion shortfall in November and the best result since September 2011.
The merchandise trade balance rose to a surplus of EUR 0.7 billion in December, from the EUR 0.1 billion recorded in November and a marked improvement from the EUR 0.2 billion deficit from December 2018. Exports rocketed 18.4% in December compared with the same month a year earlier, contrasting the 8.5% contraction in November, while imports inched down 0.5% this month, having slumped 8.5% in the month prior.