France’s Current-Account and Trade Deficits Widened in July

France’s current-account deficit widened significantly in July, with a significant increase in imports outpacing a slight increase in exports, the French government said Thursday.

The eurozone’s second-largest economy recorded a 4.2 billion-euro ($5.01 billion) current-account deficit in July, compared with EUR2.4 billion in June.

The country’s trade deficit rose to EUR6 billion–an increase of EUR1.1 billion from June–driven by a rise in imports in the aeronautic and space industries.
Source: Dow Jones