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10 Dec 2014
UK Trade deficit declines in October
FXStreet (Mumbai) - The UK total trade deficit in October declined to GBP 2024 million, against the expectation of GBP 2400 million, and down from the September’s revised deficit figure of GBP 2822 million.
Meanwhile, the trade deficit with non-EU member came-in at GBP 3582 million, against expected print of GBP 3850 million, and down from the September’s revised print of GBP 4060 million. The Visible trade deficit, which excludes intangibles like services and reports only on physical goods, also came-in lower-than-expected at GBP 9620 million, down from the September’s upwardly revised figure of GBP 10506 million.
The data showed exports to non-EU countries rose by GBP 100 million, while the imports from non-EU countries fell more substantially by GBP 400 million, mainly due to fuel imports falling by GBP 800 million following a notable rise in September.
The total exports increased by GBP 200 million to GBP 24.3 billion in October, while the imports fell by GBP 700 million in October 2014.
Meanwhile, the trade deficit with non-EU member came-in at GBP 3582 million, against expected print of GBP 3850 million, and down from the September’s revised print of GBP 4060 million. The Visible trade deficit, which excludes intangibles like services and reports only on physical goods, also came-in lower-than-expected at GBP 9620 million, down from the September’s upwardly revised figure of GBP 10506 million.
The data showed exports to non-EU countries rose by GBP 100 million, while the imports from non-EU countries fell more substantially by GBP 400 million, mainly due to fuel imports falling by GBP 800 million following a notable rise in September.
The total exports increased by GBP 200 million to GBP 24.3 billion in October, while the imports fell by GBP 700 million in October 2014.