Finland Current Account October 2016

Finland

Finland: Current account surplus unchanged in October

December 15, 2016

The current account posted a EUR 261 million surplus in October, according to Statistics Finland. The result was above the EUR 180 million surplus recorded in the same month last year but matched September’s surplus reading.

In the 12 months up to October, the accumulative current account balance recorded a EUR 1.5 billion deficit, a timid improvement from September’s accumulated current account deficit of EUR 1.6 billion.

The trade balance was a feeble EUR 19 million in surplus in October, a much weaker reading than both September’s 263 million surplus and the 193 million surplus observed in October of last year. On an annual basis, exports plunged 5.9% in October, which was a severe downswing from September’s 2.7% expansion. Imports decreased to a 2.4% contraction from September’s 0.7% drop.

FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 0.1 of GDP in 2017, which is unchanged from last month’s projection. For 2018, the current account is expected to register a surplus of 0.1% of GDP.


Author:, Economist

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Finland Current Account Chart


Finland Current Account October 2016

Note: Monthly and 12-month current account balance in EUR billion.
Source: Statistics Finland.


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