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UK’s trade deficit narrows in November

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The UK’s deficit on trade in goods and services came in at £3.2 billion in November 2015, which is £0.3 billion less than the figure arrived at in October. The narrowing in deficit is largely because trade in goods deficit narrowed from £11.2 billion in October to £10.6 billion in November 2015.

    Between October 2015 and November 2015, the trade in goods narrowing was mainly the result of a fall in the import of goods of £0.9 billion to £33.9 billion. The narrowing is mainly attributed to a fall in imports of oil which decreased by £0.5 billion to £2.2 billion.

    In November 2015, the balance of trade in oil was in deficit by £0.6 billion, a narrowing of £0.5 billion from October 2015. Oil exports remained largely unchanged; increasing by less than £0.1 billion to £1.6 billion between October and November. Imports decreased by £0.5 billion to £2.2 billion over the same period.
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