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UK's Visible Trade Deficit Narrowed Marginally in March, Says ONS |
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European Economy |
Written by CEP News |
May 12 08 10:31 GMT |
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(CEP News) London - The UK's visible trade deficit improved marginally over March, according to figures published by the Office for National Statistics (ONS) on Monday.
UK's visible trade balance with the rest of the world was in a deficit of £7.437 billion compared with £7.587 billion in February, revised upwards from the previously published figure of £7.5 billion. The UK's trade balance with non-EU nations stood in deficit of £4.085 billion, up from £3.772 billion in February. The trade balance with the EU was also in deficit, at £3.7 billion compared with £3.5 billion in February. The UK's trade in services, considered the mainstay of the UK economy, improved to a surplus of £3.4 billion from £3.3 billion in February. It took the total trade in goods and services to a deficit of £4.031 billion from a £4.331 billion gap the previous month. By Gaurav Sharma,
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