trending Market Intelligence /marketintelligence/en/news-insights/trending/J2QpfCLIyJYAwoggm0Ubcw2 content esgSubNav
In This List

UK trade deficit widens in August from July

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Case Study

A Prestigious Global Business School Gains a Competitive Edge


UK trade deficit widens in August from July

The U.K.'s trade deficit, excluding erratic commodities, widened by £1.7 billion to £4.6 billion in August from July as imports of goods increased by £1.8 billion during the month, the Office for National Statistics said.

The trade deficit for July was revised to show a rise of £1.4 billion, due to a £900 million upward revision to imports of goods and a £600 million upward revision to imports of services, partly offset by an upward revision of £200 million to exports of goods and services.

For the three months to August, the total trade deficit, excluding erratic commodities, widened by £2.9 billion to £10.8 billion, compared with the three months to May. The goods deficit widened by £3.8 billion, while the services surplus increased by £800 million.

During the quarter ended August, exports of goods to the EU increased by £1.7 billion, while imports of goods from EU countries rose by £2.0 billion, compared with the three months to May. Exports of goods to non-EU countries decreased by £4.0 billion, and imports of goods from non-EU countries increased by £2.6 billion.