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U.K. Trade Deficit for Goods Expands
The U.K.'s deficit on trade in goods rose to 9.8 billion (€11.8 billion) in September from 9.6 billion (€11.5 billion) in August and 9.0 billion a year earlier, according to the Office for National Statistics.
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The U.K.'s deficit on trade in goods rose to 9.8 billion (€11.8 billion) in September from 9.6 billion (€11.5 billion) in August and 9.0 billion a year earlier, according to the Office for National Statistics.
The U.K.'s September exports of goods to countries within the EU declined by 300 million to 12.6 billion, and imports from those countries grew 400 million to 18.6 billion half in the form of automobiles. The resulting swing pushed the overall deficit in traded goods with the EU to a record 6 billion.
On a quarterly basis, the U.K. deficit on trade in goods increased 3.8 billion to 29.1 billion from the second to third period this year.
The U.K.'s biggest trade deficits in September and in the July-September quarter were with Germany and China. The biggest surpluses were with the U.S. and the Irish Republic.
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