Finland: Current account surplus increases in September
November 13, 2015
The current account posted a EUR 395 million surplus in September, according to Statistics Finland. This result followed the EUR 646 million surplus recorded in the same month last year.
The trade balance registered a surplus of EUR 242 million in September, down from the EUR 455 million surplus recorded in September 2014. On an annual basis, exports fell 11.9% in September, which followed last month’s 3.1% contraction. Imports contracted 8.6%, which marked a deterioration over last month’s 5.4% decrease.
In the 12 months up to September, the current account balance recorded a EUR 0.6 billion surplus. The figure was down from last month’s tally of EUR 0.9 billion and represents the lowest accumulated current account surplus since June this year.
Author: Robert Hill, Economist