UK trade deficit down to £1.7B in quarter to May

Tuesday, 14. July 2020 08:14

The total trade balance in the United Kingdom, excluding non-monetary gold and other precious metals, decreased by £5.2 billion to a deficit of £1.7 billion in the three months to May, the Office for National Statistics reported on Tuesday. Falling exports and imports in the quarter ending May were seen both in trade in services, as well as trade in goods, non-monetary gold, and other precious metals excluded.

On a monthly level, the total trade balance in the UK increased by £0.8 billion to a surplus of £0.7 billion, excluding non-monetary gold and other precious metals. In the same period, imports and exports rose slightly.

The country's total trade deficit, excluding non-monetary gold and other precious metals, was reduced by £28.8 billion to £5.5 billion in May on a yearly basis.

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Breaking the News / ND