Trade Adds to 0.8pp Q3; September Balance...>

UK DATA: Trade Adds to 0.8pp Q3; September Balance Lowest Since February  

-UK Sep Total Trade Deficit Stg0.027bn Vs Stg2.101bn in Aug                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

-UK Sep Global Goods Trade Deficit Stg9.731bn Vs Stg11.724bn in Aug

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Net trade provided the biggest uplift to quarterly GDP since Q4 

2016, as a 2.7% q/q rise in exports exceeded a flat import showing. The 

Q3 trade in goods deficit narrowed stg2.5bn with EU countries, driven by 

a stg1.1n export of fuels (primarily oil) and a stg1.2bn fall in the 

imports of machinery and equipment (primarily cars). The trade in goods 

deficit with countries outside the EU fell stg0.4bn in Q3 with a 

stg2.2bn rise in (predominantly) cars the largest contributor to the 

narrowing. There was no evidence of stockpiling, according to the ONS.