UK trade deficit falls to GBP 1.2bn in April

UK trade deficit falls to GBP 1.2bn in April

Published at: 2015-06-10 11:44 | Author: CIJ Journal
The UK trade deficit fell to GBP 1.2bn in April, from GBP 3.1bn the previous month, according to the Office for National Statistics (ONS). An estimated GBP 7.4bn surplus on services helped offset the GBP 8.6bn deficit on goods, the data shows. While exports saw only 0.3 percent growth in the first three months of the year, imports grew by 2.1 percent. UK exports are facing weak demand in the eurozone.

“Monthly trade figures are notoriously volatile but today's significant improvement is nonetheless very welcome, but there is no room for any complacency,” said David Kern, chief economist at the British Chambers of Commerce. “The longer-term trend still shows a worsening in the trade position in recent months. It is clear that we are not making enough, sustained, progress in closing the trade gap.” The UK’s trade deficit hit GBP 34.8bn in 2014.

Similar Stories:

Kraków doubles office stock in four years
Kraków has nearly doubled its office stock over the last four years, becoming the largest  »
The Real Estate Market Through the Eyes of Svoboda & Williams for the Fourth Time
The Svoboda & Williams real estate agency has published its fourth Market Report, whic  »
Panattoni opening offices in Madrid, Barcelona
Following the launch of its office in the Netherlands two months ago, Panattoni is opening  »
Warsaw’s total office stock reaches 5.59 million sqm in 2019
Total office stock reached 5.59 million sqm in Warsaw last year, following the delivery of  »
Is it a priority for you to strengthen your teams in all areas or do you think it’s bett   »
How was 2018 for you? Have you been able to take full advantage of these strong economic t   »
Why has it taken so long for development of the central western portion of Bucharest to be   »
Where do you see your company going over the next two years? We are staying true to the   »