French Current Account Deficit Rises In August

French Current Account Deficit Rises In August

French current account deficit increased in August, data published by the Bank of France showed Friday.

The current account deficit narrowed to EUR 4 billion in August from a EUR 2.6 billion shortfall recorded in July.

The deficit on goods account rose to EUR 5.7 billion from EUR 4.3 billion in July. Service account showed a surplus of EUR 2.1 billion, higher than EUR 2 billion in the previous month.

The balance on income account was in a surplus of EUR 2.7 billion, down from EUR 2.8 billion in the preceding month. The net outflow of current transfers was steady at EUR 3.1 billion.