Latest data released by INSEE - 7 May 2020
- Prior -€5.22 billion
- Current account balance -€3.3 billion
- Prior -€3.8 billion
Exports fell by a whopping 16.7% on the month to €35.2 billion, while imports declined by 18.5% on the month to €38.5 billion. That accounts for the narrower trade deficit but it isn't quite the way you'd want that gap to close.
Elsewhere, French manufacturing production fell by 18.2% in the month of March while industrial production fell by 16.2% on the same month - wrapping up a poor end to Q1.
April is going to look real rough if the above conditions are anything to go by.
