France’s external trade deficit for August narrowed more-than-expected from a year ago as imports fell at a faster rate than exports, figures from the French Customs showed Wednesday.
The trade deficit shrunk to EUR 2.975 billion from EUR 5.283 billion in the same month last year. Economists had expected a EUR 3.25 billion shortfall.
In July, the trade deficit was EUR 3.163 billion.
Deficit narrowing appears to be a lasting trend for a year, the agency said, which attributed the decline in trade to specific causes such as surges in supply or delivery schedules.
In August, Airbus deliveries were 17 compared to 13 a year ago and 24 in July. A satellite was also exported, while a container carrier was imported during the month, the agency added.
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