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France Trade Deficit Widens

France Trade Deficit WidensFrance Trade Deficit Widens

France’s trade deficit widened in September as declines in exports were sharper than the fall in imports, the French customs office said Tuesday, Dow Jones reported. The eurozone’s second-largest economy recorded a €4.77 billion ($5.28 billion) trade deficit in September after a €4.19 billion deficit in August. The aeronautical sector pushed the deficit wider as imports rose sharply. France’s current account also recorded a wider deficit in September than August, the Bank of France said separately. The services deficit in the current account widened to €0.8 billion from  €0.2 billion and the goods deficit increased to  €2.7 billion from €2.4 billion, the bank said.

 

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