UK visible trade deficit decreased to 9.9 billion pounds
The visible trade deficit decreased to GBP 9.9 billion from GBP 11.5 billion in November, preliminary data from the Office for National Statistics showed.
The trade in services resulted in a surplus of GBP 7.2 billion, which was lower than November's GBP 7.5 billion surplus. Consequently, the total trade deficit narrowed to GBP 2.7 billion from GBP 4 billion in November.
Overall exports declined 0.8 percent from the previous month and imports dropped 3.6 percent. ■