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France : Merchandise Trade  
Released On 5/10/2017 2:45:00 AM For Mar, 2017
PriorPrior RevisedConsensusActual
LevelE-6.57 BE-6.43 BE-6.0 BE-5.35 B

The seasonally adjusted trade balance was in a E5.35 billion deficit in March, down from a slightly smaller revised E6.43 billion in February.

The improvement reflected a 3.8 percent monthly rise in exports that easily more than offset a 0.8 percent increase in imports. The former found support from a stronger performance by manufactures while imports were held in check by lower energy purchases.

Despite the decline in March, the first quarter shortfall was still some E19.88 billion, a hefty 48 percent increase versus the fourth quarter and the most red ink in six years. Weakness here contributed to total net exports subtracting a sizeable 0.6 percentage points off quarterly real GDP growth at the start of the year.

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

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