French current account deficit grows: data

12th December 2011, Comments 0 comments

The French payments current account, a broad measure of a country's economic performance, chalked up a bigger deficit in October compared with the outcome in September, the Bank of France said on Monday.

The October deficit widened to 4.5 billion euros ($6.0 billion) from 4.3 billion euros in September as the trade deficit increased to 6.5 billion euros from 6.4 billion euros.

The services sector, however, showed a surplus of 900 million euros, down from 1.0 billion euros in September, while capital transfers were in deficit at 2.1 billion euros, unchanged.

The current account comprises the trade performance plus capital, services and other current transfers to give an overall picture of a country's economic performance in terms of current payments abroad and inflows.

© 2011 AFP

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