FRANCE DATA: July current account deficit E4.5 bln after June -E3.4 bln
– Larger merchandise goods shortfall (-E6.7 bln vs -E5.7 bln) and
– Smaller services surplus (+E1.2 bln vs +E1.5 bln) offset
– Rising revenues surplus (+E3.2 bln) vs (+E3.0 bln).
– No change in transfers deficit (-E2.2 bln)