Finland: Current account surplus narrows in November; exports shrink
January 15, 2015
The current account posted a EUR 326 million surplus in November. The print marked a slight deterioration compared to the EUR 410 million surplus recorded in the same month of the previous year.
The trade balance registered a surplus of EUR 58 million in November, coming in below the EUR 361 million surplus recorded in November 2013. Exports shrunk 5.8% over the same month of the previous year (October: -1.6% year-on-year) and imports rebounded to a 0.7% expansion in November (October: -1.2% yoy).
In the 12 months up to November, the current account balance recorded a EUR 3.0 billion deficit, which was slightly down from the EUR 2.9 billion shortfall recorded in the 12 months up to the previous month.