French export growth continued for a second month with a 3% rise in April. That was likely better than economists’ forecasts as the deficit was 7% narrower than expected. A fall in aerospace and automotive exports was to blame for the slowdown. Shipments to the U.S. increased 4%, though preliminary seaborne data for May shows this may have ground to a halt. China-bound exports dropped 10%, likely due to the slower aerospace deliveries. Yet, they may have turned 180 degrees in May according to Chinese government data. In any event, French managers’ optimism about exports remains close to ...