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UK’s deficit on trade in goods and services widened in October

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The UK’s deficit on trade in goods and services came in at £4.1 billion in October 2015, from the previous widening of £3.1 billion from September 2015. The trade in goods where the deficit has widened from £8.8 billion in September 2015, to £11.8 billion in October 2015 resulted in the further widening of the deficit.

    The trade in goods widening was due to large increase in imports of goods. It moved up £2.3 billion to £35.4 billion between September 2015 and October 2015. This increase in imports of goods mainly reflected a rise in imports of finished manufactures of £1.1 billion. Exports of goods on the other hand decreased by £0.7 billion to £23.5 billion in October 2015.

    In the 3 months to October 2015, the UK’s deficit on trade in goods and services was estimated to have been £8.4 billion; widening by £2.4 billion from the 3 months to July 2015.
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