UK Visible Trade Deficit Widens

The UK visible trade deficit widened in three months to July primarily due to an increase in the imports of finished manufactured goods, the Office for National Statistics said Friday.

The visible trade deficit increased by GBP 1.1 billion to GBP 34.4 billion in three months ended July.

The total trade including goods and services showed a shortfall of GBP 8.6 billion primarily due to the widening of goods deficit, which was partially offset by a widening of the trade in services surplus by GBP 0.7 billion.

In July, the total trade deficit narrowed marginally to GBP 2.87 billion in July from GBP 2.91 billion in June.

At the same time, the visible trade deficit totaled GBP 11.57 billion in July compared to GBP 11.53 billion in the previous month.
Source: RTT News