Partner Article

Trade deficit narrows slightly

The UK’s trade deficit has narrowed slightly, data from the Office for National Statistics shows.

Seasonally adjusted, the deficit on trade in goods and services was estimated to have been £3.5bn in November, compared with £3.7bn in October.

A £5.7bn surplus on services partly offset a £9.2bn deficit on goods, as figures for exports of goods were said to have been “variable” throughout 2012.

Exports to the EU rose by £1.1bn to £13.2bn, led by the strong performance of chemicals and oil. In the three months to November 2012, the estimated surplus on trade in services was £17.3bn.

Total exports of services were £46.7bn, while total imports of services reached £29.4bn.

This was posted in Bdaily's Members' News section by Tom Keighley .