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French February trade deficit widest since August 2014

Published 07/04/2016, 07:58
Updated 07/04/2016, 08:00
© Reuters.  French February trade deficit widest since August 2014

PARIS (Reuters) - France's trade deficit widened in February to 5.2 billion euros (4 billion pounds), the biggest since August 2014, seasonally adjusted data published on Thursday by the customs office showed.

After a deficit of 3.9 billion euros in January, revised from a preliminary estimate of 3.7 billion, the trade balance deteriorated sharply in February as imports surged on the delivery of inputs for the French car and aerospace industries from abroad, while overall exports dipped, the customs office said.

The trade deficit weighed heavily on the current account, pushing it to a deficit of 3.9 billion euros in February - the biggest since June 2014 - wider than the 2.2 billion in January, the Bank of France said separately. It revised the January deficit from a preliminary estimate of 1.4 billion euros.

($1 = 0.8740 euros)

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