UK exports up, but deficit widens

first_img The UK’s trade deficit was slightly up in October, increasing to £3.9bn from £3.8bn in September. However, export levels for recent months were revised upwards, improving the balance of trade. September’s trade deficit was revised down from a previous estimate of £4.6bn, due to improved data on exports. “The widening of the deficit was largely due to stronger growth in imports, which is not necessarily a bad thing,” said Andrew Goodwin, senior economist at the Ernst and Young Item Club. Exports increased by £1.5bn between September and October, yet imports also jumped, by £1.1bn. In the three months to October, exports to China increased by 38.6 per cent on the previous year, as firms looked towards emerging economies in the east. And services exports are on the rise, increasing by the fourth month in a row. “The trade-led recovery certainly appears to be on track,” said Goodwin. KCS-content Show Comments ▼ whatsapp Thursday 9 December 2010 7:41 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrapcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald UK exports up, but deficit widens whatsapp Tags: NULL Sharelast_img read more

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