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France reports 6.1B euro trade deficit
France's trade deficit in August decreased to 6.1 billion euros, a reduction of 500 million euros from the previous month, due to imports declining more than exports. The reasons include a drop in imports of transportation equipment, especially ships and energy, while exports fell by about 400 million euros, with deliveries in the aviation sector to the Middle East and North Africa decreasing despite an improvement in trade with the European Union and the United States, particularly with increased exports to the U.S. Additionally, the trade deficit with the Middle East, North Africa, and Asia also decreased. As a result, the 12-month cumulative deficit rose to 62.7 billion euros. The current account deficit improved to 1.5 billion euros in August, down from 3.9 billion euros in July, supported by a decrease in the goods trade shortfall and an increase in the surplus from services trade.
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