The French current account gap narrowed in May due to a fall in visible trade deficit, the Bank of France reported Thursday.
The current account deficit narrowed to EUR 0.3 billion in May from EUR 2.1 billion in April.
The visible trade gap decreased to EUR 1.1 billion from EUR 3 billion. At the same time, the surplus on services remained at EUR 0.8 billion and the primary income at EUR 3.4 billion.
The deficit on secondary income held steady at EUR 3.3 billion in May.
The capital account was balanced in May compared to a surplus of EUR 0.1 billion in April.
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