Finland: Current account surplus widens in October
December 11, 2020
The current account recorded a EUR 0.5 billion surplus in October, matching the surplus recorded in October last year, and increasing from September’s EUR 0.1 billion surplus. In the 12 months leading up to October, the current account recorded a EUR 0.4 billion deficit, matching September’s reading.
The merchandise trade print recorded a EUR 0.4 billion surplus in October, matching October 2019’s surplus, and up from September’s EUR 0.1 billion surplus. The result reflects an increase in exports and a slight decrease in imports over the month prior.
Meanwhile, the financial account recorded a EUR 5.5 billion net capital inflow in October, down from the EUR 9.2 billion net inflow recorded in October last year, but markedly up from September’s EUR 3.9 billion net inflow. The reading reflects large inflows from portfolio investments, while outflows were in the form of direct investments.
Author: Marta Casanovas , Junior Economist