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

UK DATA
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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