U.K. Trade Deficit Narrows in November 2012

Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £3.5 billion in November, compared with a deficit of £3.7 billion in October.

There was a deficit of £9.2 billion on goods, partly offset by an estimated surplus of £5.7 billion on services.Excluding oil and erratic items, the deficit on trade in goods was £22.3 billion in the three months to November. This was £0.9 billion less than the preceding three months and £1.4 billion less than the deficit in the three months to November 2011.

Export prices (excluding oil and erratics) fell by 0.9% in the latest three months; import prices fell by 0.7% in the same period.

ONS | Nuno Fontes | nuno@tradingeconomics.com
1/9/2013 9:39:01 AM