France improves trade deficit, according to official data
PARIS (AFP) - The French trade deficit, a critical issue for the government, fell slightly in August and the trend has improved sharply, official data showed on Tuesday.
France is running a big structural trade deficit in contrast to a huge surplus by Germany, and this largely reflects the difference in economic performance between the two top eurozone countries.
The left-wing government in France has made improving the competitive position of French industry a key plank of its economic policy.
The latest data from the customs service showed that in August the monthly deficit fell by 200 million euros (S$338 million) to 4.9 billion euros from the figure for July owing to a fall in energy imports.