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MNI BRIEF: UK Feb Trade Gap Narrows

(MNI) London

The UK trade deficit narrowed to GBP9.261 billion in February from GBP12.838 billion in January, however the decline was distorted by an operational change in the measurement of exports to the European Union.

EU exports rose by 25.4% in February, but that follows a 22.0% decline in January, the month that the reporting change took place. Compared to December of 2021, exports to the EU rose by 0.3%. That took the EU trade gap down to GBP8.456 billion from GBP12.259 billion in January, but up from GBP 4.855 billion in December.

The non-EU trade gap, which was unaffected by the change, expanded to GBP12.138 billion from GBP11.639 billion in January. The total trade gap in goods declined to GBP20.594 billion from GBP23.898 billion. Excluding non-monetary gold, the total trade gap narrowed to GBP18.325 billion from GBP21.422 billion in January.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
DataPolicy NewsHomepageData StoriesData BriefCEEMEABank Of England (BOE) Market NewsBriefUKStoryRegion
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
DataPolicy NewsHomepageData StoriesData BriefCEEMEABank Of England (BOE) Market NewsBriefUKStoryRegion
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