Trade deficit widens again

Posted on 12 Aug 2009 by The Manufacturer

The UK’s trade deficit in goods widened to £6.5bn in June from a revised figure of £6.2bn in May, according to official figures.

The Office for National Statistics revealed that the overall deficit on trade in goods and services was £2.2 billion in June, compared with the deficit of £1.9 billion in May. Exports of goods did in fact rise by £0.3 billion in June but imports rose also by £0.5 billion. The deficit with EU countries narrowed…

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