Finland: Current account swings to surplus in September
The current account posted a EUR 0.4 billion surplus in September, rebounding from the EUR 0.5 billion deficit posted in August (September 2021: EUR 1.0 billion surplus). Meanwhile, the 12-month trailing current account deficit grew, coming in at EUR 9.5 billion in September (August: EUR 8.9 billion deficit).
The merchandise trade balance improved from the previous month, recording a EUR 0.4 billion surplus in September (August 2022: EUR 0.4 billion deficit). Merchandise exports grew 12.0% on an annual basis in September, on the heels of Augusts 32.4% jump. Septembers result marked the slowest expansion since March 2021. Meanwhile, merchandise imports growth softened to 19.1% on an annual basis in September (August: +40.0% yoy), marking the weakest result since March 2021.