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French current account surplus plunges to 1.3 billion euros in June.

Europe Intelligence Wire

| August 21, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Agence France Presse)

The French current account fell by nearly two-thirds in June, showing a provisional surplus of 1.3 billion euros (1.4 billion dollars), compared with 3.6 billion in May, the finance ministry confirmed.

The current account is the broadest measure of foreign trade and comprises goods and services, interest earnings on stocks and bonds and one-way financial transfers.

The seasonally-adjusted surplus totalled 9.925 billion euros in the first six months of the year, compared with a 14.679-billion surplus in the same period a year earlier, the ministry said Thursday.

In June, the value of goods traded was almost even …

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