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France : Merchandise Trade  
Released On 12/7/2017 2:45:00 AM For Oct, 2017
PriorPrior RevisedActual
LevelE-4.67 BE-4.64 BE-4.96 B

The seasonally adjusted trade balance was E4.96 billion in the red in October, up from a marginally smaller revised E4.64 billion in September and a 3-month high.

The headline deterioration reflected a 0.4 percent monthly rise in exports that was more than offset by a 1.1 percent increase in imports; the advance in the latter being largely attributable to a jump in purchases of pharmaceuticals. Annual export growth now stands at 10.1 percent while imports are up 8.0 percent on the year.

Total net exports subtracted a sizeable 0.6 percentage points off quarterly GDP growth in July-September. Today's data are hardly good news but should still equate with a much less negative, if not positive, contribution this quarter. Even so, the persistently high levels of red ink continue to question the competitiveness of French industry.

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