French current account deficit doubles in August

15th October 2004, Comments 0 comments

PARIS, Oct 15 (AFP) - The French current account deficit doubled in August from July to hit EUR 1.5 billion (USD 1.9 billion), as goods exports fell 4.3 percent, the Bank of France reported Friday.

PARIS, Oct 15 (AFP) - The French current account deficit doubled in August from July to hit EUR 1.5 billion (USD 1.9 billion), as goods exports fell 4.3 percent, the Bank of France reported Friday.  

The shortfall in goods trade came to more than EUR 2 billion in August, when imports rose 2.7 percent from July.  

The current account is a broad measure of a country's external commercial relations, measuring trade in goods, services and certain financial transactions.  

The Bank said there was a net outflow in August of foreign investment in France in the amount of EUR 5.8 billion.  

The overall current account showed a deficit of EUR 2.7 billion in the first eight months of the year against a surplus of EUR 4 billion in the same period of 2003.

© AFP

Subject: French News

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