DATA SNAP: French Jan Current Account Gap Stable At EUR2.8B
PARIS (Dow Jones)--The French current account deficit remained stable in January at EUR2.8 billion, the Bank of France said Thursday.
The goods trade deficit narrowed slightly to EUR3.7 billion, compared with a deficit of EUR4.1 billion in December.
The services surplus narrowed slightly to EUR800 million from a surplus of EUR900 million a month earlier.
Revenue increased to EUR2.3 billion compared with EUR2.2 billion in December.
The foreign direct investment deficit in January widened to EUR3.4 billion compared with a deficit of EUR2.9 billion in December.
Foreign direct investment in France totaled EUR5.3 billion, down significantly from EUR14.8 billion in December.
In the 12 months to January 2007, the French current account deficit totaled EUR30.3 billion, while in the 12 months to December 2006, the French current account deficit totaled EUR24.4 billion, the Bank of France said.
-By Geraldine Amiel, Dow Jones Newswires; +33 1 40171740; geraldine.amiel@dowjones.com;
(END) Dow Jones Newswires
March 13, 2008 03:45 ET (07:45 GMT)
Copyright 2008 Dow Jones & Company, Inc.
By Geraldine Amiel
Of DOW JONES NEWSWIRES
PARIS (Dow Jones)--The French current account deficit remained stable in January at EUR2.8 billion, the Bank of France said Thursday.
The goods trade deficit narrowed slightly to EUR3.7 billion, compared with a deficit of EUR4.1 billion in December.
The services surplus narrowed slightly to EUR800 million from a surplus of EUR900 million a month earlier.
Revenue increased to EUR2.3 billion compared with EUR2.2 billion in December.
The foreign direct investment deficit in January widened to EUR3.4 billion compared with a deficit of EUR2.9 billion in December.
Foreign direct investment in France totaled EUR5.3 billion, down significantly from EUR14.8 billion in December.
In the 12 months to January 2007, the French current account deficit totaled EUR30.3 billion, while in the 12 months to December 2006, the French current account deficit totaled EUR24.4 billion, the Bank of France said.
Bank Web site: http://www.banque-france.fr
-By Geraldine Amiel, Dow Jones Newswires; +33 1 40171740; geraldine.amiel@dowjones.com;
(END) Dow Jones Newswires
March 13, 2008 03:45 ET (07:45 GMT)
Copyright 2008 Dow Jones & Company, Inc.
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