
Unexpected Rise in Trade Deficit
In a surprising turn of events, France's trade deficit ballooned to €7.8 billion in February, a significant increase from the revised €6.5 billion recorded in January. This figure surpassed analysts' predictions, marking a concerning trend for the nation's economy.
Export and Import Dynamics
Exports saw a marginal decrease of 0.03% month-over-month, totaling €49.7 billion. Conversely, imports experienced a 2.3% rise, reaching €57.5 billion on a monthly basis. This imbalance has contributed to the widening trade gap.
Sector-Specific Challenges
The energy balance suffered a €0.3 billion deterioration, while manufactured goods faced a €0.9 billion decline. These sectors highlight the areas most impacted by the current trade dynamics.
Comments