Arab Today, arab today british trade deficit declines sharply in july
Last Updated : GMT 06:51:55
Arab Today, arab today
Arab Today, arab today

British trade deficit declines sharply in July

Arab Today, arab today

Arab Today, arab today British trade deficit declines sharply in July

London - AFP

Britain’s trade-in-goods deficit narrowed in July to the smallest amount for 17 months as exports to non-EU nations reached a record high level, official data showed on Tuesday. The deficit shrank to £7.1 billion ($11.4 billion, 8.9 billion euros) in July from £10.1 billion in June, the Office for National Statistics (ONS) said. Market expectations had been for the trade deficit to fall to £8.9 billion in July, according to analysts polled by Dow Jones Newswires. Exports to non-EU countries increased 11 percent to £13.2 billion in July — the highest amount since records began in 1998. Britain’s overall trade deficit dropped to £1.5 billion in July from a deficit of £4.3 billion in June, which had been the largest amount since comparable records began in 1997.

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