Finland: Current account records lower deficit in July
September 11, 2020
The current account recorded a EUR 0.1 billion deficit in July, swinging from the EUR 0.1 billion surplus recorded in July last year. In the 12 months leading up to July 2020, the current account recorded a EUR 0.2 billion deficit, following June’s balanced figure.
The merchandise trade reading was balanced in July, compared to the EUR 0.2 billion deficit recorded in July 2019. Exports dived 8.8% in July compared to the same month last year, worsening from last month’s minus 6.8% reading, while imports dropped at an even faster pace of 10.8%, also worsening from June’s 10.1% fall.
Author: Marta Casanovas , Junior Economist