7th Feb 2014 11:13
LONDON (Alliance News) - The UK's visible trade deficit narrowed more than expected in December, data released by the Office for National Statistics revealed Friday.
The shortfall fell to GBP 7.7 billion in December from GBP 9.8 billion in November. Economists had forecast a decline to GBP 9.3 billion.
Trade with non-EU countries resulted in a deficit of GBP 2.2 billion in December. This was down from a deficit of GBP 3 billion recorded in November and less than GBP 3.1 billion shortfall expected.
The deficit on trade in goods and services was estimated to have been GBP 1 billion in December compared with a deficit of GBP 3.6 billion in November, ONS said.
Copyright RTT News/dpa-AFX