9/11, 8:04 AM (Source: TeleTrader)
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UK trade surplus rises to £6.4B QoQ in July

The trade surplus of the United Kingdom in the three months to July expanded to £6.4 billion, excluding non-monetary gold and other precious metals, official data from the Office for National Statistics showed on Friday. The increase was largely caused by imports dropping by £8.5 billion, while exports only decreased by £2.7 billion.

Meanwhile, trade in goods deficit was down to £23.2 billion in the same three month period. Goods imports were down by £6.3 billion to £92.5 billion, while goods exports fell by £2.9 billion to £69.3 billion. The largest decline in both imports and exports were seen in machinery and transport equipment and fuels.

Breaking the News / MD