PARIS (Reuters) - The current account deficit of France remained stable at € 2.9 billion in November, according to figures released Friday by the Bank of France.
deficit in October was announced initially 2.8 milliards.
In November, the trade deficit in goods fell slightly to 5.0 billion from 5.1 billion the previous month. The surplus in services trade has also declined slightly to 2.8 billion from 2.9 billion in octobre.
The income balance increased slightly to 2.5 billion from 2.4 billion. The deficit in current transfers remained stable at 3.1 milliards.
The financial account showsnet inflows of foreign direct investment of 1.1 billion euros after 5.1 billion in outflows octobre.
French investments abroad amounted to 2.9 billion from 7.4 billion in October, while non-resident investment in France rose to 4.0 billion from 2.3 billion the previous month.
Portfolio investment recorded net outflows increased to 26.7 billion euros after 11.4 billion residents reduced their holdings of 28.9 billion in October after 7.9 billion while non- -residents proceeded to net purchases of French securities for $ 2.2 billion (after sales of 3.6 billion the previous month) .
Other investments (deposits and loans) recorded net inflows of 33.8 billion euros after 38.3 billion the month précédent.
Jean-Baptiste Vey
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