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French Trade Balance defict widened in September

Wednesday, Nov 08 2017
French Trade Balance defict widened in September

France's trade deficit widened in September to stand at 4.7 billion euros ($5.45 billion) from 4.2 billion in the previous month, the custom's office said on Wednesday, as imports outpaced exports due partly to fewer overseas sales of agricultural products and industrial machinery.

Imports in September had risen to 44.5 billion euros compared to 44.4 billion euros in August, while exports rose to 40.3 billion euros in September versus 40.2 billion in August. A Reuters poll had forecast an overall September trade deficit of 4.8 billion euros. Separately, the Bank of France said the current account showed a deficit of 3.1 billion euros in September, compared to a 1.7 billion euros deficit in August.

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