French trade gap widens, industrial output falls

9th November 2007, Comments 0 comments

9 November 2007, PARIS - The French economy was hit with a widening trade deficit in September, when energy sector imports rose, and a slide in industrial production, official figures showed Friday.

9 November 2007

PARIS - The French economy was hit with a widening trade deficit in September, when energy sector imports rose, and a slide in industrial production, official figures showed Friday.

The trade gap with the rest of the world widened 13.5 percent to 3.083 billion euros (4.5 billion dollars) from August, the customs authority said, as imports rose -- notably of energy products -- and the value of exports fell.

But the shortfall narrowed to 9.117 billion euros in the third quarter from 9.453 billion euros in the previous three months.

The deficit in the first nine months of the year came to a seasonally corrected 26.058 billion euros, up 27.5 percent from the same period of 2006.

Separately, the national statistics institute INSEE announced that industrial production in France slowed in September, falling 1.1 percent after having been stable in August.

Manufacturing output, which excludes the food and energy sectors, declined 1.3 percent in September.

AFP

Subject: French news

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