Trade deficit data released by the French customs office on Wednesday showed that the country’s trade deficit narrowed in March as imports fell faster than exports. Exports fell to 36.38 billion euros, from February's 37.87 billion. Imports fell to 40.75 billion in March, compared to February's 42.98 billion. The French current account deficit fell to 1.81 billion euros in March, down from 4.1 billion February. Services posted a surplus of 1.2 billion in March, following February's deficit of 0.1 billion, according to the Bank of France. Earlier this week, the EU commission released fresh forecasts and cut expected French GDP growth to 1.50% in 2016 and 1.70% in 2017, while the 2016 budget deficit is expected to be around 3.3% of its GDP.
ADP Payrolls Show US Pace of Hiring Slowing
Daily Analysis - 05/05/2016