According to the report, the UK's goods and services trade balance came in at -£3.248 billion, narrowing the deficit by more than the -£3.45 billion reading economists had expected.

January's balance of -£7.821 billion was revised to -£3.142 billion.

The statistics office also noted that UK trade with non-European Union states came in at -£3.964 billion compared to forecasts for -£5.5 billion. The prior month's -£5.704 billion level was revised to -£5.631 billion.

Looking at just the UK's visible trade balance, ONS reported that the goods trade deficit deepened to -£7.315 billion versus expectations for -£7.6 billion. The previous month's -£3.585 billion was revised down to -£7.821 billion.

By Erik Kevin Franco, This email address is being protected from spam bots, you need Javascript enabled to view it , edited by Stephen Huebl, This email address is being protected from spam bots, you need Javascript enabled to view it

CEP Newswires - CEP News © 2009. All Rights Reserved. www.economicnews.ca

The Copying, Broadcast, Republication or Redistribution of CEP News Content is Expressly Prohibited Without the Prior Written Consent of CEP News.

A copy of CEP News disclaimer can be found at http://www.economicnews.ca/cepnews/wire/disclaimer.