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French trade, current account deficits shrink in August

French trade deficit and current account deficit shrank in August from July, the National Institute of Statistics said.

The trade deficit narrowed to €4.51 billion in August from a revised €5.85 billion in July. The country's exports increased to €39.81 billion from a revised €39.27 billion in July while imports fell to €44.33 billion from a revised €45.12 billion in the previous month.

Meanwhile, France's current account deficit fell to €1.47 billion in August from €4.25 billion in July, the institute said.