Finland: Current account records smaller surplus in September
November 13, 2020
The current account recorded a EUR 0.1 billion surplus in September, matching the surplus recorded in September last year, although it inched down from the previous month’s EUR 0.2 billion surplus. In the 12 months leading up to September, the current account recorded a EUR 0.4 billion deficit, down from August’s EUR 0.1 billion deficit.
The merchandise trade reading showed a EUR 0.1 billion surplus in September, down from August’s EUR 0.2 billion surplus, and matching the surplus recorded in September 2019. The result reflects a larger drop in imports than exports, although both decreased at a softer pace than in the prior month.
Meanwhile, the financial account recorded a EUR 3.9 billion net capital inflow in September, up from August’s EUR 2.2 billion net inflow, but down from September 2019’s EUR 9.2 billion net inflow. The reading reflects large inflows from other investments, while outflows were in the form of portfolio investments.
Author: Marta Casanovas , Junior Economist