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.
Author: David Ampudia, Economist