France Trade Gap Widens In August
France's foreign trade deficit increased in August from a year ago, as imports grew more rapidly than exports, data released by the customs office showed on Friday.
The trade deficit rose notably to EUR 15.30 billion in August from EUR 6.61 billion in the corresponding month last year. In July, the deficit was EUR 14.78 billion.
The fall in trade balance was mainly due to the deterioration of the energy balance in a context of rising energy prices.
Exports logged an annual growth of 20.1 percent in August. At the same time, imports grew more markedly, by 33.7 percent.
Month-on-month, exports rose 4.5 percent, and imports were 4.3 percent higher.
Economic News
Reprinted from RTTNews,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.