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French Current Account Deficit Narrows In October

12/12/2012 2:57 AM ET

France's current account deficit narrowed in October, mainly due to increase in surplus on trade in services, data from Bank of France showed Wednesday.

The deficit fell to EUR 2.8 billion in October from EUR 3.4 billion in September. According to the central bank, the improvement is mainly due to an increase in surplus on services trade to EUR 2.8 billion from EUR 2.1 billion.

The deficit on goods account rose marginally to EUR 5.1 billion from EUR 5 billion a month earlier. Income account showed a surplus of EUR 2.7 billion, higher than EUR 2.6 billion in the previous month.

by RTT Staff Writer

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