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Britain's trade deficit widened in July

  • Britain saw a greater increase in imports than exports, widening the trade deficit, in July, official data has revealed.

    From £9.4bn in June the goods’ trade deficit unexpectedly increased to £10.2bn. The deficit for trade in goods and services also increased from £2.5bn to £3.3bn in the same period.

    While the hike in imports was driven by chemicals, fuel and aircraft, the increase in exports was mainly linked to the oil and pharmaceutical sectors.

     

    Tagged as: Britain, imports, exports, trade deficit, trade, data, services, UK, British economy, UK economy, business news