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United Kingdom   Preliminary data from the Office for National Statistics

UK visible trade deficit decreased to 9.9 billion pounds

UK trade deficitUK merchandise trade deficit narrowed in December despite exports falling for the third straight month.

The visible trade deficit decreased to GBP 9.9 billion from GBP 11.5 billion in November, preliminary data from the Office for National Statistics showed.

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The trade in services resulted in a surplus of GBP 7.2 billion, which was lower than November's GBP 7.5 billion surplus. Consequently, the total trade deficit narrowed to GBP 2.7 billion from GBP 4 billion in November.

Overall exports declined 0.8 percent from the previous month and imports dropped 3.6 percent.

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