Finland: Current account surplus widens in October
December 15, 2014
The current account posted a EUR 555 million surplus in October. The print marked an improvement compared to the EUR 157 million surplus recorded in the same month of last year.
The trade balance registered a surplus of EUR 308 million in October, coming in above the EUR 197 million surplus recorded in October 2013. Exports shrunk 1.7% over the same month last year (September: +11.1% year-on-year) and imports dropped 4.0% in October (September: -5.7% yoy).
In the 12 months up to October, the current account balance recorded a EUR 2.6 billion deficit, which represented an improvement over the EUR 3.0 billion shortfall recorded in the 12 months up to the previous month.