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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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