France's Trade Deficit Narrows in November
01/08/2013| 03:12am US/Eastern
By William Horobin
PARIS--France's trade deficit narrowed in November from October as the slow down in trade hit imports more than exports, the country's customs office said Tuesday.
The trade deficit of the euro zone's second largest economy fell to 4.33 billion euros ($5.66 billion) from EUR4.71 billion in October. Exports fell to EUR36.49 in November from EUR37.53 billion in October, while imports fell to EUR40.83 billion from EUR42.24 billion.
Imports were marked by a reduction in aeronautical purchases from Germany, and falls in industrial machine, rubber and electrical equipment purchases, the customs office said. Imports of chemical and pharmaceutical products rose, as well as cars and mobile telephones.
Industrial exports fell particularly strongly, while pharmaceutical exports remained at a high level, the customs office said.
The country's trade deficit over the 12 months up to and including November 2012 stood at EUR65.83 billion, almost EUR9 billion lower than the EUR74.2 billion deficit recorded in 2011.
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