Breaking - July Trade Deficit Smallest Since February

Posted on: 10/09/2018


Britain’s trade position improved in July. The overall trade in goods deficit was the smallest since February, at £9.97bn, according to the ONS.

The gap with the EU narrowed to £7.2bn, the lowest since April 2016, while the deficit with the rest of the world shrank to £2.8bn, the smallest since February. Exports rose 2% in July while imports fell 1%.

The total trade deficit, including services, shrank to just £100m in July from £900m in June – much better than expected.

Strong and Herd will post a more detailed report when the data is available



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