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UK Trade Deficit Hits Seven-Month Low in October, Helped by Slower Oil Imports

Posted December 10, 2014

Under Economic Issues, International Trade Issues


Britain’s goods trade deficit narrowed in October to its lowest level in seven months, helped by lower fuel imports and a slight rise in exports, official data showed on Wednesday.

The Office for National Statistics said the deficit shrank slightly less than expected to 9.620 billion pounds from 10.506 billion pounds in September, when a rise in oil helped to widen the shortfall. Economists had forecast a gap of 9.5 billion pounds in October. Read more here.