July 6, 2018 / 7:04 AM / 4 months ago

French trade deficit widened in May, with the figures worse than forecast

FILE PHOTO: A shopper buys vegetables at a market in Nice southern France, February 28. REUTERS/Eric Gaillard//File Photo

PARIS (Reuters) - France’s trade deficit widened in May compared to the previous month, according to seasonally adjusted data published by the customs office, with the figures coming in worse-than-forecast.

The May trade deficit stood at 6.01 billion euros (5.3 billion pounds), versus a revised figure of a 5.21 billion deficit in April. A Reuters poll of nine analysts had given an average forecast for a May deficit of 5.1 billion euros.

The French economy has started to show signs of a slowdown after initially recovering in the wake of President Emmanuel Macron’s election in May 2017, and the customs office said on Friday that lower exports in the aerospace and automobile sectors had impacted the overall deficit figure.

GRAPHICS

Monthly balance, imports and exports: reut.rs/2nKc3RU

Reporting by Sudip Kar-Gupta; Editing by Dominique Vidalon

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