Finland: Current account surplus narrows slightly in August
October 15, 2019
The current account surplus reduced to EUR 0.2 billion in August from EUR 0.3 billion in July.
In the 12 months leading up to August, the current account balance totaled a deficit of EUR 1.9 billion, marking an improvement over the shortfall of EUR 2.5 billion in July.
The merchandise trade balance was unchanged at a deficit of EUR 0.1 billion in August. Exports fell 5.3% in year-on-year terms in August, worsening from the 0.6% decrease in July, while imports fell 5.4%, down from the 0.8% drop in July. The services trade balance, meanwhile, improved to a EUR 0.3 billion deficit, up from July’s EUR 0.4 billion shortfall.
Author: Edward Gardner, Economist