France’s balance of trade deficit narrowed to 12.150 bln EUR in October from 17.167 bln EUR a month earlier, according to the country’s Customs Department. September’s foreign trade deficit was the highest on record since January 1970. This may have an impact on the quotation of EURO-BUND Futures.

The volume of French foreign trade in October fell by 8.3% compared to September, to 63.595 bln EUR; exports decreased by 1.4% to 51.445 bln. In annual terms, imports rose by 23.2%, exports – by 17.7%.

In January-October France’s foreign trade deficit grew by 2.1 times compared to 2021 and amounted to 132.2 bln EUR.

Earlier, we reported that Germany will spend almost ten billion euros on floating LNG terminals.