French trade deficit shrinks

10th November 2004, Comments 0 comments

PARIS, Nov 10 (AFP) - The French trade deficit shrank to EUR 794 million (USD 1.02 billion) for September from EUR 1.751 billion one month earlier, the customs service reported Wednesday.

PARIS, Nov 10 (AFP) - The French trade deficit shrank to EUR 794 million (USD 1.02 billion) for September from EUR 1.751 billion one month earlier, the customs service reported Wednesday.

Exports amounted to EUR 29.423 billion, while imports came to 30.217 billion, the service said.

For the first nine months of 2004, France showed a trade deficit of EUR 3.289 billion, against a surplus of 667 million in the same period of 2003.

Meanwhile, industrial production increased 3.2 percent in September from the previous month, according to seasonally corrected figures released by the national statistics institute Insee.

Production had fallen 2.1 percent in August from July.

Manufacturing production showed the biggest jump, rising 4.0 percent in September after a slump of 2.6 percent in August, Insee said."

This strong rise is due more than half to a rebound in automobile production in September, following a large fall in August," the institute said in a statement.

The drop in August was due "almost completely to a fall in automobile (production), linked to the unusual and temporary closure for most of the month of an assembly line at a major auto maker," almost certainly PSA Peugeot Citroen.

The automobile sub category showed a leap of 22.5 percent in September.

© AFP

Subject: French News

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