Financial News: Finland Trade Balance Swings To Surplus In May

Finland Trade Balance Swings To Surplus In May

07/05/2024 - 09:57:00 (RTTNews)

(RTTNews) - Finland's foreign trade balance turned to a surplus in May from a deficit in the previous year as imports fell faster than exports, preliminary figures from the Finnish Customs showed on Friday.

The trade balance showed a surplus of EUR 125 million in May versus a deficit of EUR 190 million in the corresponding month last year.

Exports decreased 4.1 percent year-over-year in May, while imports rose at a much faster pace of 9.8 percent.

Shipments to the EU countries decreased 6.0 percent annually in May, and imports from them fell by 5.6 percent.

Exports to countries outside the EU declined 5.4 percent in May, and imports from those countries slumped 16.7 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

CB Employment Trends Index Signals Slowdown In Payroll Additions (03 hr(s), 05 min(s), 39 sec(s) ago)
(RTTNews) - A leading indicator for payroll employment in the U.S. decreased in June, extending th ...Full Story»

Denmark Industrial Production Plunges 6.0% (06 hr(s), 12 min(s), 39 sec(s) ago)
(RTTNews) - Denmark's industrial production declined sharply in May after rebounding in the pr ...Full Story»

Japan Labor Cash Earnings Rise Most In 11 Months (06 hr(s), 45 min(s), 39 sec(s) ago)
(RTTNews) - Japan's total labor cash earnings continued to increase in May, and at the quickes ...Full Story»

Czech Industrial Outout Decline Worsens, Trade Surplus Grows (07 hr(s), 54 min(s), 39 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production decreased for the third straight month ...Full Story»

Eurozone Sentix Investor Confidence Weakens Sharply (08 hr(s), 33 min(s), 39 sec(s) ago)
(RTTNews) - Euro area investor sentiment lost its recovery trend and fell sharply in July as both ...Full Story»

Lithuanian Inflation Rises To 0.7% (10 hr(s), 13 min(s), 39 sec(s) ago)
(RTTNews) - Lithuania's consumer price inflation rose for the third straight month in June to ...Full Story»

Romanian GDP Growth Eases To 0.5%, Less Than Estimated (10 hr(s), 49 min(s), 39 sec(s) ago)
(RTTNews) - Romania's economic growth moderated less than initially estimated in the first qua ...Full Story»

German Exports Fall For First Time In 3 Months (11 hr(s), 12 min(s), 39 sec(s) ago)
(RTTNews) - Germany's exports declined for the first time in three months in May as demand fro ...Full Story»