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France's trade deficit shrinks in July; current account posts surplus

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France's trade deficit shrinks in July; current account posts surplus

France's foreign trade deficit narrowed to €3.49 billion in July from the revised €6.07 billion in June as exports grew and imports fell, government data showed.

Exports rose to €41.35 billion from €40.84 billion, while imports declined to €44.84 billion from €46.91 billion.

Meanwhile, France's current account posted a surplus of about €500 million in July, compared with a deficit of €2.3 billion in June, Banque de France said.

The deficit in goods narrowed to 2.8 billion from 4.7 billion. Excluding energy, goods posted a surplus of about 600 million, compared with a deficit of 700 million.

The services surplus widened to 2.5 billion from 1.6 billion.