U.K. Trade Deficit Widens in October 2012


The United Kingdom’s deficit on trade in goods and services widened to £3.6 billion in October, up from £2.5 billion in August.

Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £3.6 billion in October, compared with a deficit of £2.5 billion in September. There was a deficit of £9.5 billion on goods, partly offset by an estimated surplus of £5.9 billion on services.
 
Excluding oil and erratic items, the deficit on trade in goods was £22.9 billion in the three months to October. This was £0.5 billion higher than in the preceding three months, but £0.4 billion less than the deficit in the three months to October 2011.

Exports and imports price indices have now been reinstated in this Bulletin. Export prices(excluding oil and erratics) fell by 1.8 percent in the latest three months; import prices fell by 0.9 percent in the same period.


TradingEconomics.com, ONS
12/6/2012 9:41:39 AM