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France : Merchandise Trade  
Released On 1/6/2017 2:45:00 AM For Nov, 2016
PriorPrior RevisedActual
LevelE-5.20 BE-5.15 BE-4.38 B

The seasonally adjusted trade deficit narrowed from E5.15 billion in October to E4.38 billion in November. This was the smallest shortfall since August but still points to a gradually deteriorating trend.

November's improvement reflected a 5.3 percent monthly bounce in exports, their first rise since August, to a near-record high of E38.811 billion. This was only partially offset by a 2.8 percent gain in imports. The recovery in the former was dominated by transport equipment, particularly aeronautics, and intermediate goods. What was the second successive advance in imports was more broad-based.

Having seen overall net exports hit quarterly economic growth in October-December by fully 0.6 percentage points, November's decline in the red ink on merchandise trade alone will come as a relief. Even so, the average shortfall in the first two months of the quarter was still 9 percent above the third quarter mean. Without a further marked improvement in December total net foreign trade is unlikely to have provided any significant support to real GDP growth last quarter.

The merchandise trade balance measures the difference between imports and exports of goods. The level of the international trade balance, as well as changes in exports and imports, indicate trends in foreign trade and can offer a guide to an economy's competitiveness.  Why Investors Care

2017 Release Schedule
Released On: 1/62/73/84/75/106/87/78/89/710/611/812/7
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