Economic Buzz: UK Visible Trade Deficit Widens To 5-Month High In September

Economic Buzz: UK Visible Trade Deficit Widens To 5-Month High In September

Nov 11, 2019 12:11 IST capital market

UK visible trade deficit widened to a five-month high of GBP 12.541 billion in September from GBP 10.825 billion in August, figures from the Office for National Statistics showed on Monday. In the same month last year, the deficit was GBP 11.050 billion. On a month-on-month basis, merchandise exports rebounded with 1.2 percent growth in September after a 2.9 percent slump in the previous month. Imports rose 5.1 percent following a 0.4 percent gain in August. The total trade deficit widened to GBP 3.360 billion from GBP 1.760 billion in the previous month.

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