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Free AccessTrade 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.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.