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Trade Set to Drag on Q3 GDP; Goods Trade by.>

UK DATA: Trade Set to Drag on Q3 GDP; Goods Trade Distorted by NM Gold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
-UK Aug Total Trade Deficit Stg5.626bn; Widens From Stg4.236bn in July
-UK Aug Global Goods Trade Deficit Stg14.245bn Vs Stg12.829bn in July 
-UK Aug Non-EU Deficit Stg5.835bn Vs Stg5.345bn in July
Net trade is set to exert a negative force on Q3 GDP growth, after 
a widening in the total trade deficit in August. In widening to 
-stg5.6bn in Aug, the trade balance would have to register a stg3.4bn 
surplus for flat growth Q3 over Q2. The widening in Aug was driven by a 
surge in goods imports, up 4.5% m/m, driven by increased chemicals, mfg 
materials and textiles. Goods export growth at 1.5% m/m was more 
subdued. Consequently, the trade in goods deficit rose to a record-high 

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