|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Sunday 11th of July 2010
July 9, 2010    

UK trade deficit widens unexpectedly in May

Bookmark and Share

by Kay Murchie
”UK

The Office for National Statistics (ONS) has today revealed the UK’s trade gap widened more than anticipated in May.

According to the ONS, exports of goods grew 0.2% compared with April to £21.5 billion, while imports also grew on the month, by 2.4% to £29.5 billion.

The ONS said the UK’s goods trade deficit with the rest of the world rose to £8.062 billion in May, from £7.411 billion in April.

The figure is worse than the £7 billion analysts had forecast and the largest deficit since January.

In other news today, the ONS also revealed producer output price inflation fell to 5.1% in June, down from 5.5% in May.

The annual rate was far below forecasts for a reading of 5.7%.

Meanwhile, input prices fell for a second month running, bringing the annual rate down to 10.7% in June from 11.5% the previous month.

Discuss this in the Finance Markets forums

Story link: UK trade deficit widens unexpectedly in May




Related financial stories to: UK trade deficit widens unexpectedly in May:
Previous: «
Next: »

Visited 281 times, 20 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: , , , , producer output, , ,