France’s current account deficit narrowed in the fourth quarter, thanks to a smaller shortfall in non-energy goods, the Bank of France said Friday.
The current account deficit halved to EUR 7.5 billion from EUR 13.2 billion in the third quarter.
Excluding energy, the goods trade resulted in a deficit of EUR 4 billion compared to a EUR 12.3 billion shortfall in the third quarter.
Meanwhile, the surplus on services decreased to EUR 2.4 billion from EUR 3.8 billion.
The primary and secondary income came in at -EUR 0.8 billion versus -EUR 1.1 billion in the third quarter.
The balance of the financial account in the fourth quarter was EUR 8.9 billion in the fourth quarter.
In 2020, the current account deficit totaled EUR 53.3 billion, resulting from a historical deterioration of EUR 37 billion compared with 2019.
In December, the current account deficit narrowed to EUR 1.2 billion, data showed.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.