UK's trade deficit narrowed £3.2 billion to £2.9 billion in the three months to September
The total trade deficit (goods and services) narrowed £3.2 billion to £2.9 billion in the three months to September 2018, due mainly to an improving goods balance.
Goods exports increased £5.0 billion compared with a £2.1 billion rise in goods imports, resulting in the goods deficit narrowing £2.9 billion to £31.9 billion in the three months to September 2018.
Cars had the single-largest impact on the goods balance due to a combined £1.0 billion rise in non-EU exports and £1.7 billion fall in EU imports in the three months to September 2018.
Rising exports was the main factor for the goods deficit narrowing with both EU and non-EU countries, by £2.5 billion and £0.4 billion respectively, in the three months to September 2018.
Removing the effect of inflation, the total trade deficit narrowed £4.0 billion to £1.7 billion in the three months to September 2018.
|remaining time till the new event being published|
- Eurozone PMI falls in March as manufacturing downturn deepens
- Germany output growth at near six-year low as manufacturing downturn deepens
- Chinese Premier Li stresses implementation of larger-scale tax cuts
- Euro area current account surplus increased in January compared with December.