Rise in Exports Shrinks Trade Deficit Further Than Expected ; Encouraging Trend Set to Continue, Say Economists
Linked as:
Summary
BRITAIN'S trade deficit shrank by more than expected in February as exports hit a record high for the second month in a row, figures revealed yesterday, The deficit in goods - the difference between goods exported and imported - shrank to pounds 6.8bn in February from pounds 7.8bn in January, the Office for National Statistics (ONS) said. The improvement was due to a 1.3% rise in exports, which hit pounds 25.1bn in February, the highest level since records began in 1980, and accompanied by a 2.2% drop in imports to pounds 31.9bn.
The figures will be welcomed by Chancellor George Osborne, who is relying on the private sector to pick up the slack in the economy as his pounds 81bn package of spending cuts starts to bite.See the full content of this document
Extract
Rise in Exports Shrinks Trade Deficit Further Than Expected ; Encouraging Trend Set to Continue, Say Economists
The UK economy unexpectedly shrank by 0.5% in the final quarter of 2010 and recent surveys have suggested it struggled t...
See the full content of this document
Sponsored links
