RTTNews - Wednesday, the Bank of Finland report showed that the current account deficit increased to EUR 1.15 billion in May from EUR 249 million in April. The size of the current account deficit was influenced by the outflow of dividends.
In BOP terms, the surplus on goods totaled EUR 219 million, while the services account registered a shortfall of EUR 46 million. Other current account items that posted deficits were current transfers and income. While, the deficit in income widened to EUR 1.13 billion, shortfall in transfers narrowed to EUR 190 million. Dividends are included in the income account.
For the twelve months ended May, there was a current account surplus of EUR 2.84 billion compared with EUR 6.86 billion for the same period of the previous year.
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