Latest data released by INSEE - 5 July 2019
- Prior -€4.98 billion; revised to -€4.87 billion
- Current account balance €0.3 billion
- Prior -€0.8 billion; revised to -€1.2 billion
The details of the report makes the shrinking trade deficit even more impressive with exports rebounding by posting a +4.6% m/m reading while imports are seen at +0.8% m/m in May. That will help brush aside the weaker April readings and continues to place the French economy in a decent spot relative to its peers in terms of Q2 economic performance.