France March trade balance -€5.32 billion vs -€4.50 billion expected

Latest data released by INSEE - 7 May 2019

  • Prior -€4.00 billion; revised to -€4.13 billion
  • Current account balance -€1.3 billion
  • Prior -€0.8 billion; revised to -€0.6 billion

Despite the trade deficit growing wider, exports actually rose by 1.1% m/m for the month of March but that is outweighed by imports which rose by 3.6% m/m. Nonetheless, the trade deficit is still seen at average levels over the past three years so there isn't much to really glean from the release here.

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