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France’s current account increases to a surplus of €0.4 billion in April

 

The Bank of France released its current account data on Wednesday. France's current account increased to a surplus of €0.4 billion in April from a deficit of €1.4 billion in March.

 

 

The trade surplus was driven by a drop in imports of crude oil imports.

 

 

The merchandise trade deficit narrowed to €1.1 billion in April from €3.2 billion in March.

 

 

The surplus in the services trade fell to €1.3 billion from €1.5 billion. The decline was driven by higher imports of telecommunication and information technology equipment.



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