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France posts current account deficit in August; trade deficit widens

France's foreign trade deficit increased to €5.63 billion in August from a revised €3.43 billion in July, government data showed.

Exports declined to €41.32 billion from €41.36 billion, while imports rose to €46.96 billion from €44.78 billion.

Meanwhile, France posted a current account deficit of €1.6 billion in August, compared with a surplus of €300 million in July, the Banque de France said. The decrease in current account balance was due to a higher energy bill and a deterioration in the balance of goods, excluding energy.

The goods deficit widened to €4.6 billion from €2.9 billion in July, while the services surplus narrowed to €2.4 billion from €2.6 billion in the previous month.