Trade deficit down

Posted on 12 Jan 2010 by The Manufacturer

The UK trade deficit for goods and services narrowed to £2.9 billion in November from £3.1bn the month before, according to official figures from the Office for National Statistics.

The deficit – the difference between the amount of goods imported and the amount of goods exported – was made up of a £6.8 billion surplus on goods which was partially offset by a £3.9 billion surplus on services. The goods deficit mirrored the overall figures by falling £0.2bn while services were unchanged. The deficit…

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