Finland recorded a deficit in its current account in May
Helsinki, July 14 / WAM / Finland’s current account recorded a deficit during the month of last May compared to a surplus during the same month of last year.
Data from the Finnish Statistics Office released today, Monday, revealed that the current account deficit reached 562 in May
One million euros, compared to a surplus of 367 million euros during the same month last year and a deficit of 2.2 billion euros during last April.
At the same time, Finland’s merchandise trade balance recorded a surplus of 328 million euros during May, compared to a surplus of 678 million euros during the same month last year, while the services trade balance deficit rose to 838 million euros, compared to 186 million euros during May of last year.
The data showed that Finland’s primary income account surplus reached 154 million euros last May, compared to 52 million euros during the same month last year. At the same time, the secondary income account deficit rose to 206 million euros, compared to 176 million euros during the same period.
The office explained that within 12 months, Finland’s total current account surplus reached 3.1 billion euros.
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