Finland: Current account swings to deficit in February
The current account posted a EUR 0.1 billion deficit in February, deteriorating from the EUR 0.1 billion surplus recorded in January (February 2021: EUR 0.2 billion surplus). Meanwhile, in the 12 months leading up to February, the current account posted a EUR 1.5 billion surplus, compared to the EUR 1.8 billion surplus booked in January.
The merchandise trade balance worsened from the previous month, recording a EUR 0.3 billion deficit in February (January 2022: EUR 0.1 billion deficit). Merchandise exports shot up 23.3% in annual terms in February, on the heels of January’s 34.2% jump. Meanwhile, merchandise imports shot up 30.4% on an annual basis in February (January: +37.4% yoy).