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French Current Account Gap Narrows In March

5/14/2012 3:02 AM ET

The French current account deficit narrowed in March due to a decline in trade deficit, the Bank of France reported Monday.

The current account gap fell to EUR 4.1 billion from EUR 5.3 billion in February.

The deficit on trade in goods decreased to EUR 6 billion from EUR 6.7 billion a month ago. Meanwhile, the surplus in services rose to EUR 1.8 billion from EUR 1.3 billion.

Revenues dropped slightly to EUR 2.4 billion from EUR 2.5 billion in the prior month. At the same time, current transfers remained unchanged at EUR 2.3 billion.

by RTT Staff Writer

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