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UK visible trade gap narrows to 7-month low

UK
Britain   Visible trade deficit decreased

The UK's visible trade deficit decreased to a seven-month low in September, figures from the Office for National Statistics revealed Friday.


The trade in goods showed a shortfall of GBP9.73 billion compared to a deficit of GBP11.72 billion in August. This was the smallest deficit since February.

The total trade balance registered a deficit of GBP2.07 billion versus GBP2.1 billion shortfall in August.

In the three months to September, the total trade deficit narrowed GBP3.2 billion to GBP2.9 billion, due mainly to an improving goods balance, the ONS said.

Goods exports increased GBP5.0 billion compared with a GBP2.1 billion rise in goods imports, resulting in the goods deficit narrowing GBP2.9 billion to GBP31.9 billion in the three months to September.

 

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