Trade Deficit Narrows in May; On Course to..>

UK DATA: Trade Deficit Narrows in May; On Course to Add to Q2 GDP Growth 

-UK MAY Total Trade Deficit Stg 2.790bn vs Stg 3.087bn in Apr

-UK MAY Goods Trade Deficit Stg 12.362bn vs Stg 12.396bn in Apr  

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The UK trade deficit narrowed by stg297 million to stg2.790bn in May 

courtesty of a marked 7.7% m/m rise in goods exports to Non-EU 

countries. On a 3m/3m basis, the trade deficit widened by stg5.0 bn to 

stg8.3bn with the ONS attributing this to falling exports of cars and 

rising imports of unspecified goods. On a price adjusted basis, the 

deficit would need to fall to stg1.679bn in June to leave the Q2 

shortfall level with Q1.