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- UK trade deficit widens in June
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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