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France C/A in Deficit

France C/A in DeficitFrance C/A in Deficit

France’s current account swung to a deficit of €400 million ($451.9 million) in July from a €800 million surplus in the previous month, the Bank of France said Friday, Nasdaq reported. The bank attributed the reversal to a sharp decline in the surplus in France’s trade in services to €300 million from €1.7 billion in June. The deficit in its trade in goods shrank to €900 million in July from €1 billion in June. Exports to Asia and the Middle East fell sharply, after airplane deliveries hit a peak in June, the government said. June’s narrower deficit also reflected buoyant exports of cars and trains.

 

Financialtribune.com