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Home BUSINESSCurrent account in deficit in September
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Thu, 17 Nov, 2016 12:04:17 AM
FTimes Report, Nov 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 September, according to Statistics Finland’s data.
 
The 12-month moving total of the current account was EUR 2.4 billion in deficit.
 
The value of exports of goods and services went down by one per cent from one year ago.
 
In January to September, the value of exports of goods and services decreased by four per cent year-on-year.
 
The international investment position was positive as per the data on balance of payments and international investment position.
 
Of the sub-items of the current account, the trade account in balance of payment terms was EUR 0.1 billion in surplus. The value of goods exports in balance of payment terms was EUR 4.6 billion.
 
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 0.1 billion in deficit.
 
 
In September, net capital outflow from Finland amounted to EUR 0.3 billion. Of the sub-items of the financial account, net capital inflow was mostly in the form of other investments, EUR 3.7 billion.
 
International investment position. Source: Balance of payments and international investment position, Statistics Finland.
Net capital outflow from Finland was mainly in the form of portfolio investments, EUR 3.4 billion.
 
Finland's net international investment position stood at EUR 7.8 billion at the end of September, as foreign assets amounted to EUR 739.4 billion and foreign liabilities to EUR 731.7 billion.
 
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