UK’s trade in goods deficit worsens sharply in May, second highest ever
LONDON (AFX) - The UK’s trade position with the rest of the world deteriorated sharply in May with the monthly shortfall the second highest ever, official figures showed.
The office for National Statistics said the UK’s trade in goods with the rest of the world widened to 6.8 bln stg in May from 5.6 in April. The April figure was revised down from 5.8 bln stg previously.
Analysts polled by AFX News had predicted a much narrower deficit of 5.7 bln stg for May.
The widest ever deficit was recorded in February this year, when the shortfall stood at 7.2 bln stg.
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