British trade deficit contracts in August
Britain’s trade deficit contracted more than expected in August, as export levels hit record highs while imports fell slightly.
The Office for National Statistics showed the UK trade balance narrowed to £7.768 bln deficit from £8.92 bln, versus consensus for decrease in deficit to £8.80 bln. The trade balance deficit with non-EU countries also narrowed to £4.867 bln from £5.51 bln, versus consensus for £5.35 bln.
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