Trade deficit widens 21 percent

6th July 2007, Comments 0 comments

PARIS, July 6, 2007 (AFP) - The French trade deficit widened 21 percent in May from April, customs authorities reported Friday, citing a slowdown in transport sector exports.

PARIS, July 6, 2007 (AFP) - The French trade deficit widened 21 percent in May from April, customs authorities reported Friday, citing a slowdown in transport sector exports.

The May shortfall came to 3.015 billion euros (4.1 billion dollars) after 2.493 billion euros in April, taking the deficit for the year to May to 27.609 billion euros.

Customs authorities said export earnings, which were boosted in April by the sale of a ship to Panama for 420 million euros, declined in May. France sold 22 Airbus aircraft to overseas buyers in May, down from 27 in April. Automobile exports were also weaker in May.

Imports showed a only a modest decline in value in May.


Copyright AFP

Subject: French news

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