Finland: Current account swings to surplus in June
August 15, 2014
The current account posted a EUR 293 million surplus in June. The print marked a significant improvement compared to the EUR 134 billion deficit recorded in May and represented the highest surplus since September 2011.
The trade balance registered a surplus of EUR 107 million in June, which came in below the EUR 510 million surplus recorded in May. Exports grew a mild 1.2% over the same month last year (May: +8.7% year-on-year) and imports rose 6.1% in June (May: +2.4% yoy).
In the 12 months up to June, the current account balance recorded a EUR 4.4 billion deficit, which marked a slight improvement over the EUR 4.6 billion shortfall recorded in the 12 months up to May.