UK trade deficit narrows in April

| June 9, 2011
a�?UK

The Office for National Statistics (ONS) has today revealed the UKa��s trade deficit narrowed more than expected in April a�� attributed to a sharp fall in consumer goods.

According to the ONS, the global goods trade gap narrowed to A?7.38 billion in the month from A?7.70 billion in March a�� lower than the A?7.55 billion expected by analysts.

Meanwhile, the goods trade gap with non-EU countries was A?4.33 billion, from Marcha��s A?4.49 billion a�� due to a rise in oil imports.

The ONS said exports rose by 0.1% on a monthly basis to A?24.6 billion, while imports were 0.9% lower on the month at A?32 billion.

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