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French Feb. Current Account Gap Widens

The French current account deficit rose to EUR 5 billion in February from EUR 4.4 billion in January, the Bank of France said Thursday.

The deficit in trade in goods widened to EUR 6.6 billion from EUR 5.8 billion a month ago. Meanwhile, the surplus in services rose to EUR 1.3 billion from EUR 0.7 billion in January.

Revenues fell to EUR 2.6 billion from EUR 3.1 billion. At the same time, the shortfall in transfers remained unchanged at EUR 2.3 billion.

by RTTNews Staff Writer

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