Breaking News, World News and Taiwan News.

Updated Friday, September 10, 2010 9:57 pm TWN, Reuters

UK July goods trade deficit reaches all-time high after surge in imports

LONDON -- Britain's goods trade deficit with the rest of the world unexpectedly widened to a record high in July after imports of chemicals and oil surged and exports fell, data showed on Thursday. Britain's total trade deficit, which includes services, also widened sharply to its highest in almost five years, denting hopes that exports will be able to drive growth as the government and consumers rein in spending.

The Office for National Statistics said Britain's goods trade gap widened to 8.667 billion pounds in July from 7.532 billion in June, wrongfooting analysts who had expected a broadly unchanged reading.

Subscribe to The China Post and save 25%. Click here

Share

Print

Email


Sponsors
▪	Save 70% for hotel in Shanghai and 6000 hotels, in Beijing, Guangzhou, Shenzhen, and all China.
▪	Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.
▪	Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!