UK trade deficit narrows slightly

The UK’s deficit on trade in goods and services was reduced to £4.6bn in September, compared with a deficit of £4.9bn in August according to the Office for National Statistics. In July, the deficit recorded was the highest for five years, so at least we have two months of figures moving in the right direction. When we look at the … Continue reading

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Why has the UK trade deficit increased?

Is this more bad news? Let’s look at yesterday’s stark figures from the ONS. The UK’s trade deficit in goods and services widened from £2.2bn in February to £3.7bn in March. Although the trade in services remained in surplus to the tune of £3.8bn in March, this was down from the £4.1bn recorded in February. When it comes to the … Continue reading

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Recovery in OECD trade

The volume of merchandise trade of the G7 group of countries grew in the third quarter of 2009, after being largely stable in the previous quarter. In fact, exports from G7 countries grew by 5.0% quarter-on-quarter and imports rose by 4.1% in the third quarter. However, when we look at year-on-year figures, exports were down 17.5% and imports also fell … Continue reading

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UK trade gap narrows

The UK’s deficit on trade in goods and services fell from a deficit of £3.1bn in October to £2.9bn in November, according to figures published by the Office for National Statistics today.   There was a deficit on trade in goods of £6.8bn in November which was down from the £7.0bn recorded in October. The value of exports stayed at … Continue reading

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