Australia trade deficit grows in Feb. France trade deficit narrows. | CountingPips Forex & Currency Trading Blog

April 7, 2008 - Forex Economic News

Australia trade deficit grows in Feb. France trade deficit narrows.

The Australian trade deficit grew in February according to data released by the Australian Bureau of Statistics. Australia’s trade balance for February was a seasonally adjusted deficit of A$3.289 billion. February's deficit was A$754 million more than a revised a deficit of A$2.535 billion in January and marked the highest trade deficit all time for Australia. Increasing the deficit was a decline in exports of goods and services as exports fell by 4 percent in February to a seasonally adjusted A$18.260 billion. Imports remained relatively unchanged in February compared to January. Contributing to a decline in exports was severe weather disruptions that hampered coal exports.

France trade deficit narrows.

The trade deficit in France narrowed in February according to the France Customs Office today. The French trade deficit fell to 2.765 billion euros in February after registering a revised deficit of 3.183 billion euros in January. Exports increased in February to 36.980 billion euros after totaling 36.642 billion euros in January. Imports declined in February to 39.745 billion euros from 39.825 billion euros in January. Market forecasts had expected the trade deficit of the european union's second largest economy to expand to 3.7 billion euros in February.

Tags: aud, australia trade deficit, trade balance, eur, france trade deficit

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