2017 Economic Calendar
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France : Merchandise Trade  
Released On 6/8/2017 2:45:00 AM For Apr, 2017
PriorPrior RevisedActual
LevelE-5.35 BE-4.78 BE-5.54 B

The seasonally adjusted trade balance was E5.54 billion in the red in April following a downwardly revised E4.78 billion in March.

The headline deterioration was wholly attributable to the weakness of exports which fell 3.1 percent on the month and so wiped out much of March's 4.4 percent bounce. Declines in aeronautics and industrial equipment were largely to blame. Imports were down 1.0 percent at E43.81 billion, a 3-month low.

April's shortfall was well below the first quarter average of E6.40 billion. This provides early reason for supposing that total net exports will not hit real GDP growth this quarter by anything like the 0.7 percentage points that they did at the start of the year. Even so, the trend in the trade balance remains poor and underlines the need for new President Emmanuel Macron to deliver on his business reform proposals as quickly as possible.

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
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