Current account deficit stable: Bank of France
Published: 11 Jan 2013 11:12 GMT+01:00 | Print version
Updated: 11 Jan 2013 11:12 GMT+01:00
The French current account balance showed a deficit of 2.9 billion euros ($3.8 billion) in November, as in October, the Bank of France said on Friday.
A slight improvement in trade in goods was offset by a fall of a surplus on payments for services, the central bank said.
The deficit on trade in goods fell to 5.0 billion euros in November from 5.1 billion euros in October. The surplus on trade in services fell to 2.8 billion euros from 2.9 billion euros.
The deficit on the overall balance of payments on the current account in October was revised to 2.9 billion euros from 2.8 billion euros announced a month ago.
That compared with a deficit in September of 3.4 billion euros. The current account for the balance of payments summarises all current payments into and out of a country and is an important indicator of the ability of a country to pay its way in the world in the medium term.
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