France June trade balance -€5.19 billion vs -€4.12 billion expected
Latest data released by INSEE - 7 August 2019
- Prior -€3.28 billion
- Current account balance -€0.8 billion
- Prior €0.3 billion
The trade deficit increased by more than expected and the details aren't pretty either with exports falling by 4.9% m/m while imports declined by 0.6% m/m in June. If anything, it highlights sluggish trade conditions in the euro area - not a positive sign for the Q3 outlook given ongoing US-China trade tensions.