Q2 Current Account Deficit Stg20.317bn Vs...>

UK DATA: Q2 Current Account Deficit Stg20.317bn Vs Stg15.692bn Q1   

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The UK current account widened stg4.6bn to stg 20.3bn (3.9% GDP), the 

widest deficit since Q2 2017, from a revised stg15.7bn (3.0% of GDP) 

in Q1 2018. This was primarily driven by narrowing in the trade in 

goods and the primary deficit. The total trade in goods deficit grew by 

stg2.7bn to stg34.7bn in Q2, the largest increase in the deficit since 

Q3 2016, though was partly attributed to movements in erratics - 

aircraft, non-monetary gold and higher oil prices. Including services, 

the total trade deficit rose to sg6.1bn - the largest since Q1 2017. The 

primary income deficit rose by stg2.1bn to stg8.8bn, explained by 

payments on invesment income rising by more than receipts.