Finland: Current account surplus widens in September
November 15, 2019
The current account surplus widened to EUR 0.5 billion in September from EUR 0.2 billion in August. Moreover, the current account surplus recorded in September contrasted the EUR 0.2 billion deficit recorded in the same month last year.
In the 12 months leading up to September, the current account balance totaled a deficit of EUR 1.1 billon, marking an improvement over the shortfall of EUR 1.8 billion in August.
The merchandise trade balance improved to a surplus of EUR 0.2 billion in September, up from EUR 0.0 billion reading in August. Moreover, the surplus recorded in September was up from the EUR 0.1 billion surplus recorded in the same month last year. Exports increased 3.1% in September compared to the same month a year earlier, contrasting the 5.3% decrease in August, while imports rose 0.3% in September, contrasting the 6.2% decrease in August.
Author: Edward Gardner, Economist