French June trade deficit narrows to €3.01b

August 9, 2007 - 0:0

PARIS (Bloomberg) -- France's trade deficit narrowed to 3.01 billion euros (4.13 billion dollars) in June as exports of cars and industrial equipment increased.

The deficit declined from a revised 3.22 billion euro gap in May, the Trade Ministry in Paris said Wednesday.
Economists had expected a June deficit of 2.8 billion euros, according to the median of nine forecasts in a Bloomberg survey.
France's exports to the rest of the European Union, its biggest market, lifted by higher car sales to the UK, Spain, Belgium, and Poland.
It increased exports to the Middle East, selling more planes, perfumes, and drug products. The U.S. market also took in more French goods, led by increased pharmaceutical sales.
France's Airbus SAS sold 27 planes last month for 1.44 billion euros, up from 22 aircraft in May.
Sales to China, Japan, and other Asian countries rose even as the euro reached a record high against the yen last month. The European currency has gained about 5 percent versus the yuan since the Chinese dropped a peg to the dollar two years ago.
Overall exports climbed to 34.28 billion euros from a revised 32.28 billion euros. Imports rose to 37.28 billion euros from a revised 35.49 billion euros the previous month, the ministry said