Trade deficit at ten-month high


Trade deficit at ten-month high
The UK's deficit on trade in goods reached its highest level since May 2006 in March, official data has revealed.

According to the Office of National Statistics (ONS) the country's overspend on goods was £7 billion in March, compared to the upwardly revised figure of £6.9 billion in the preceding month.

Britain's surplus on services meanwhile stood at £2.5 billion in the third month of the year, giving an overall deficit of £4.5 billion, £0.2 billion ahead of February's total.

"The latest estimate of the trend suggests that the whole world goods deficit is fairly flat," the ONS said.

"The trends in the value of trade show both exports and imports falling in recent months," a spokesperson added.

More specifically, Britain's deficit with the enlarged EU including Bulgaria and Romania widened to £3.1 billion in March, while the overspend on trade with non-EU countries narrowed to £4 billion.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure