Finland Current Account October 2019

Finland

Finland: Current account surplus widens in October

December 13, 2019

The current account surplus widened to EUR 0.5 billion in October from a revised EUR 0.3 billion in September (previously reported: EUR 0.5 billion). However, the current account surplus recorded in October was lower than the EUR 0.7 billion surplus recorded in the same month last year.

In the 12 months leading up to October, the current account balance totaled a deficit of EUR 1.4 billion, marking a deterioration from the shortfall of EUR 1.2 billion in September.

The merchandise trade balance improved to a surplus of EUR 0.3 billion in October, up from the EUR 0.1 billion recorded in both September 2019 and October 2018. Exports fell 3.3% in October compared to the same month a year earlier, contrasting the 4.6% increase in September, while imports slumped 7.1% this month, contrasting the 3.6% increase in the month prior.

FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 1.0% of GDP in 2020, which is from last month’s estimate. In 2021, panelists expect a current account deficit of 0.9% of GDP.


Author:, Economist

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Finland Current Account Chart


Finland Current Account October 2019 0

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


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