UK trade deficit widens
Britain’s trade deficit widened more than expected in November. The increase in the deficit gap is attributed to a rise in imports together with a fall in exports, which erased the previous months’ record narrowing.
The visible trade balance deficit increased to £-8.644 bln versus consensus for £-8.400 bln, from £-7.557. The trade deficit gap with non-EU countries also rose to £-5.021 bln from £-4.554 bln, versus a forecast for £-5.000 bln while the total trade deficit widened to £-2.566 bln from £-1.552 bln, versus consensus for £-2.400 bln.
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