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Finnish Current Account Turns To Deficit In February

Finland's current account slipped to a deficit in February, data released by the the Bank of Finland showed Friday.

The balance in the current account was a deficit of EUR230 million in February, compared to a surplus of EUR175 million in January. In February 2011, the current account showed a surplus of around EUR200 million.

The goods trade account recorded a deficit of EUR401 million during the month, while in January the account was almost balanced. The balance in the services account was a surplus of EUR82 million, down from the previous month's EUR100 million surplus.

The surplus in the income account rose to EUR239 million in February from EUR222 million in January, while the deficit in the current transfers account remained unchanged at EUR150 million.

by RTTNews Staff Writer

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