UK exports rise strongly in third quarter
The deficit ballooned to an estimated £5.2bn in September from £3.8bn in August, much larger than the consensus forecast of £4.0bn.
For the third quarter, the total trade deficit narrowed by £1.6bn to £11.0bn according to figures from the Office for National Statistics.
The ONS said: "So far there is little evidence in the data of the lower pound feeding through into trade volume or prices."
The quarterly deficit in goods with the EU widened by £400m to £23.8bn as imports increased more than exports, while trade in goods outside the EU narrowed by £1.9bn to £9.4bn due to a 5.9% increase in exports.
There was a 6.1% increase in export of goods and a 2.8% increase in imports of goods. This was only partially offset by a 0.1% decrease in exports of services and 0.7% decrease in imports of services.
For September, the goods trade a £12.7bn deficit was higher than the consensus of £11.2bn, rising from £9.1bn in September 2015.
Within the EU trade deficit in goods rose to £8.7bn from £7.2bn in September 2015, while trade with non EU trading partners saw the goods deficit rise to £4bn, above the consensus of £3.35bn, from £1.9bn a year ago. ■