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- France trade deficit widens in June
France trade deficit widens in June
The report from the Bank of France's showed that French merchandise trade deficit widened to EUR4.7billion in from a downwardly revised EUR4.4 billion in May (originally EUR 4.9 billion). Economists had forecast the gap to increase to EUR5.1 billion.
According to the report, exports reduced by 2.8 percent m-o-m to EUR 39.2 billion, while imports went down by 2.0 percent m-o-m to EUR 43.8 billion.
France's current account deficit increased to EUR2.1 billion in June from EUR1.9 billion in May. Meanwhile, its financial account surplus (not adjusted) expanded to EUR17.0 billion in June from EUR6.7 billion in the previous month.
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