• UK trade deficit widens in June

Market news

10 August 2017

UK trade deficit widens in June

The Office for National Statistics (ONS) reported that UK's trade deficit expanded to GBP4.56 billion in June from a revised GBP2.52 billion in May (originally GBP 3.07). That represented the biggest trade gap since last September.

According to the report, imports grew 3.3 percent m-o-m to GBP53.95 billion in June, while exports reduced 0.7 percent m-o-m to GBP49.39 billion.

In the second quarter as a whole, the trade deficit amounted to GBP 8.94 billion, up GBP0.11 billion q-o-q and GBP1.10 billion y-o-y.

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