UK goods trade deficit falls sharply in October
Trade in goods and services registered a deficit of -£2 billion in October, down from -£5.8 billion in the previous month, according to the Office for National Statistics.
Economists had forecast a deficit on the country's trade in goods of -£11.9 billion.
Britain's shortfall on international trade in goods dropped from -£13.8bn to -£9.7 billion while the surplus on its trade in services slipped from £8.0 billion to £7.7 billion.
In terms of quarterly rates of change, between the three months to July 2016 and the three months to October 2016 the total trade deficit increased by £4.7 billion to £13.2 billion. ■