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UK trade deficit shrinks in April

By Alexander Bueso

Date: Friday 09 Jun 2017

UK trade deficit shrinks in April

(ShareCast News) - Britain's trade shortfall with the rest of the world narrowed in April as import demand fell back after rising during the prior month.
The total trade deficit shrank by £1.8bn month-on-month to reach -£2.1bn, according to the Office for National Statistics.

Economists had expected -£3.5bn of red ink.

However, in comparison to the three months to January the trade deficit over the three months to April increased by £1.7bn to £8.6bn, amid increased purchases of aircraft, cars and chemicals from abroad.

The trade deficit for the first quarter of 2017 was revised lower by £1.3bn to -£9.3bn.

Both export and import prices declined in April, retreating by 1.1% and 0.9% month-on-month, respectively, as the value of sterling rose by 2.2%.


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