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Home BUSINESSCurrent account in deficit, Int´l investment remains positive
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Wed, 17 Aug, 2016 12:08:35 AM
FTimes Report, Aug 17
 
Current account and trade account. Source: Balance of payments and international investment position, Statistics Finland.
The current account was EUR 0.2 billion in deficit in June, but the net international investment position remained positive.
 
Exports of goods, however, grew from the corresponding period of 2015, according Statistics Finland's data on balance of payments and international investment position.
 
The current account showed a deficit of EUR 0.2 billion in June 2016. The 12-month moving sum of the current account was EUR 0.2 billion in surplus, the statistics show.
 
Of the sub-items of the current account, the trade account in balance of payment terms was EUR 0.5 billion in surplus.
 
The value of goods exports in balance of payment terms was EUR 5.0 billion, or five per cent more than in last year's June.
 
 
The services account showed a deficit of EUR 0.1 billion.
 
The primary income account that includes investment income such as interests and dividends was EUR 0.4 billion in deficit while the secondary income account was EUR 0.2 billion in deficit.
 
In June, net capital outflow amounted to EUR 3.6 billion.
 
International investment position. Source: Balance of payments and international investment position, Statistics Finland.
Of the sub-items of the financial account, net capital outflow was highest in the form of other investments, EUR 2.6 billion.
 
The net capital inflow was highest in the form of portfolio investments, EUR 1.6 billion.
 
Finland's net international investment position was EUR 3.3 billion positive at the end of June, as foreign assets amounted to EUR 737.9 billion and foreign liabilities to EUR 734.6 billion.
 
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