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Home BUSINESSCurrent account in deficit in August
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Sun, 16 Oct, 2016 12:09:59 AM
FTimes Report, Oct 16
 
 
The combined exports of goods and services decreased by two per cent year-on-year in August, according to Statistics Finland’s data.
 
In January to August, the combined exports of goods and services decreased by four per cent year-on-year.
 
Capital flowed to Finland on net as per the statistics on balance of payments and international investment position.
 
The current account was EUR 0.2 billion in deficit in August. The 12-month moving total of the current account was EUR 1.9 billion in deficit, the data show.
 
Current account and trade account, 12 –month moving total. Source: Balance of payments and international investment position, Statistics Finland.
Of the sub-items of the current account, the trade account in balance of payment terms was EUR 0.3 billion in deficit.
 
The value of goods exports in balance of payment terms was EUR 4.0 billion or two per cent lower than in August 2015.
 
The service account showed a deficit of EUR 0.1 billion.
 
The primary income account that includes investment income like interests and dividends was EUR 0.3 billion in surplus.
 
The secondary income account was EUR 0.1 billion in deficit.
 
In August, the net capital inflow to Finland amounted to EUR 2.3 billion.
 
International investment position. Source: Balance of payments and international investment position, Statistics Finland.
Of the sub-items of the financial account, the net capital inflow was mostly in the form of other investments, EUR 5.1 billion.
 
The net capital outflow from Finland was mainly in the form of portfolio investments, EUR 3.2 billion.
 
Finland's net international investment position stood at EUR 8.4 billion at the end of August, as foreign assets amounted to EUR 748.5 billion and foreign liabilities to EUR 740.0 billion.
 
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