Finland Record Trade Surplus Boosted By Shipsales
Monday, December 13, 1999
Finland posted a record monthly trade surplus for October, boosted by a major deal by one of its shipyards and accelerating economic recovery.
The customs board's preliminary data for October showed a trade surplus of a record $1.4 billion, with exports up 14 percent year-on-year at $4.1 billion and imports up six percent at $2.7 billion.
October saw the departure from Finland of Voyager of the Seas, the world's largest cruiser ship. It was built by Kvaerner's Masa-Yards for Royal Caribbean.
Economists said that despite this one-off item, the data added to evidence from figures in the past few months indicating that the economy was back on track, after being hit by the Russian crisis and a global economic slowdown last autumn.