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Published: Sat, October 07, 2017
Global Media | By Abel Hampton

French Trade and Current Account Deficits Narrow

French Trade and Current Account Deficits Narrow

France's current account deficit-which also measures flows of services and revenues-fell to EUR1.5 billion in August, from EUR4.3 billion in July, the Bank of France said.

06 de octubre de 2017, 01:20Washington, Oct 6 (Prensa Latina) The United States trade deficit shrank 2.7 percent in August, compared to the previous month " s revised data, when it slightly rose, the Department of Commerce reported.

A trade deficit means that the United States is buying more goods and services from other countries than it is selling to them.

Exports of goods increased just over $0.5 billion to $129.2 billion in August. Economists surveyed by The Wall Street Journal had expected a trade deficit of $42.7 billion.

Imports of goods decreased $0.3 billion to $193.6 billion, the fourth consecutive monthly decrease.

The dollar has weakened this year, making US exports cheaper for foreign customers, and consumer spending in the USA has been solid, aiding import purchases. Minimizing that gap boosts USA economic growth. At the same time, the surplus on services trade grew from Euro 0.1 billion to Euro 0.8 billion.

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