Finland: Balanced current account in December
The current account posted a balanced result in December, deteriorating from the EUR 1.7 billion surplus recorded in November (December 2022: EUR 0.3 billion surplus). Meanwhile, in the 12 months leading up to December, the current account posted a EUR 2.8 billion deficit, compared to the EUR 2.5 billion deficit recorded in November.
The merchandise trade balance worsened from the previous month, recording a EUR 0.2 billion surplus in December (November 2023: EUR 2.3 billion surplus). Merchandise exports sank 18.7% over the same month last year in December, on the heels of November’s 0.2% decrease. Meanwhile, merchandise imports plummeted 17.7% on an annual basis in December (November: -16.4% yoy).