Total Trade Gap Widens Slightly in Oct; Q3..>

UK DATA: Total Trade Gap Widens Slightly in Oct; Q3 Deficit Revised Down 

-UK October Deficit Stg1.405bn vs Stg1.141bn September 

-UK Q3 Trade Deficit Revised Down to Stg5.927bn from Stg9.463bn  

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The total trade deficit widened by stg0.26 bn to stg1.4bn between 

September and October due primarily to a 1.6% (or stg0.9bn) rise in 

goods imports. This was largely due to imports of 'unspecified goods', 

which includes non-monetary gold, from non-EU countries. The Q3 trade 

deficit was revised significantly lower, with an ONS statistician 

putting this down to a further stg1.4bn rise in services and a stg2.2bn 

rise in goods coming to light since the last estimate. This means the 

sector will provide less of a drag on third quarter GDP.