Financial Times FT.com

French trade deficit hits record level

By Ben Hall in Paris

Published: August 7 2008 11:06 | Last updated: August 7 2008 11:06

France’s trade deficit widened sharply in June to a record €5.64bn, exacerbated by the higher cost of oil and energy imports and weaker car exports.

The trade gap - up from a revised €4.7bn in May - was significantly higher than many economists had forecast and will weigh heavily on an already sharply slowing French economy.

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