French Trade Deficit Narrows in March
04 May 2016 - 8:29AM
Dow Jones News
By William Horobin
PARIS--France's trade deficit narrowed in March from February as
imports fell faster than exports in an environment of declining
trade in goods, the French customs office said Wednesday.
The trade deficit of the eurozone's second-largest economy fell
to 4.37 billion euros ($5.02 billion) in March from EUR5.12 billion
in February.
"Trade clearly declined in March after a good performance in
February," the customs office said. Exports fell to EUR36.38
billion from EUR37.87 billion and imports fell to EUR40.75 billion
from EUR42.98 billion.
Separately, the Bank of France said that France's current
account deficit--a broader measure of how much an economy owns
overseas, including services--shrunk to EUR1.8 billion in March
from EUR4.1 billion in February. Revenue from services rose to a
surplus of EUR1.2 billion in March from a deficit of EUR0.1 billion
in February, the Bank of France said.
-Write to William Horobin at william.horobin@wsj.com
(END) Dow Jones Newswires
May 04, 2016 03:14 ET (07:14 GMT)
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