France August Trade Deficit Widens

France August Trade Deficit Widens

France's trade deficit for the month of August increased from a year ago and came in slightly above economists' expectations, data released by the Customs Office showed Tuesday.

The foreign trade deficit widened to EUR 5.286 billion from EUR 4.894 billion in the same month last year. Economists had forecast a deficit figure of EUR 5 billion.

The trade gap widened after narrowing to EUR 4.062 billion in July from June's deficit of EUR 6.477 billion.

The value of exports grew 3.6 percent from July, while imports increased 6.3 percent.