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Home BUSINESSCurrent account in surplus in August
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Sat, 17 Oct, 2015 12:05:27 AM
FTimes Report, Oct 17
 
Finland’s current account and trade account. Source: Balance of payments and international investment position, Statistics Finland.
The current account showed a surplus of EUR 0.2 billion in August 2015, according to Statistics Finland’s data.
 
The surplus was particularly due to the primary income account. The combined balance sheet of goods and services was in balance.
 
Investment was inward on net, in the amount of EUR 4.0 billion as per the statistics on balance of payments and international investment position.
 
The 12-month moving total of the current account was EUR 0.8 billion in surplus.
 
Finland’s current account and trade account, 12 –month moving sum. Source: Balance of payments and international investment position, Statistics Finland.
In August exports of goods in balance of payment terms amounted to EUR 4.2 billion and imports of goods to EUR 4.1 billion.
 
Exports of goods fell by five per cent from the year before. The primary income account was EUR 0.3 billion in surplus. The secondary income account was EUR 0.1 billion in deficit, the data show.
 
In August 2015, net direct investment was EUR 4.0 billion inward. Of the sub-items of the financial account, direct investment was EUR 1.0 billion inward, portfolio investment was EUR 1.9 billion outward, and other investments EUR 4.6 billion inward.
 
 
At the end of August 2015, the net investment position was EURO 0.6 billion.
 
Finland had EUR 749.9 billion in foreign assets and EUR 749.4 billion in foreign liabilities.
 
 
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