The UK’s visible trade deficit decreased to a seven-month low in September, figures from the Office for National Statistics revealed Friday.
The trade in goods showed a shortfall of GBP 9.73 billion compared to a deficit of GBP 11.72 billion in August. This was the smallest deficit since February.
The total trade balance registered a deficit of GBP 27 million versus GBP 2.1 billion shortfall in August.
In the three months to September, the total trade deficit narrowed GBP 3.2 billion to GBP 2.9 billion, due mainly to an improving goods balance, the ONS said.
Goods exports increased GBP 5.0 billion compared with a GBP 2.1 billion rise in goods imports, resulting in the goods deficit narrowing GBP 2.9 billion to GBP 31.9 billion in the three months to September.