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UK visible trade deficit decreased to 9.9 billion pounds

Staff writer |
UK merchandise trade deficit narrowed in December despite exports falling for the third straight month.

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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.

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