Latest data released by INSEE - 7 August 2018

  • Prior -€6.00 bn; revised to -€6.02 bn
  • Current account balance -€2.3 bn
  • Prior -€2.9 bn

A much larger trade deficit than expected but nothing too out of the ordinary just yet. If anything, the EU could probably use this as an offsetting point if the US gleans at the growing trade surplus in Germany as reported earlier.