France Trade Deficit Widens In November

France’s merchandise trade deficit widened sharply in November and was worse than economists’ forecast, preliminary figures from the French Customs showed on Tuesday.

The visible trade deficit rose to EUR 5.1 billion from EUR 4.1 billion in October. Economists had expected a shortfall of EUR 4.9 billion for November. A year ago, the deficit was EUR 5.96 billion.

Exports decreased more than imports in November. The exports value fell by EUR 1.9 billion and imports dropped by EUR 0.8 billion.

In percentage terms, exports fell 4.4 percent month-on-month after a 6.1 percent increase in October. Imports dropped 1.8 percent following a 2.3 percent gain.

In November, exports of transport equipment, especially boats and aircraft, slowed after strong growth in the previous month. Meanwhile, imports of hydrocarbons, chemicals and pharmaceuticals decreased.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: France Trade Deficit Widens In November

Won't your trader friends like this?
InstaForex
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*