Latest data released by INSEE - 7 June 2019
- Prior -€5.32 billion; revised to -€5.46 billion
- Current account balance -€0.8 billion
- Prior -€1.3 billion; revised to -€2.3 billion
Despite a narrowing in the trade deficit relative to March, this comes as exports fell by 1.9% m/m while imports fell by 2.7% m/m. That's not exactly the kind of thing that warrants optimism and when you couple it with the German data earlier, it highlights weakening trade conditions in the euro area economy in Q2.
