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UK goods trade gap with EU to hit £8.1bn in Jan

byCT Report
15/03/2016
in Uncategorized
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LONDON: The nation’s goods trade gap with the EU widened to a record, with exports in the last three months falling to the lowest in more than six years.

Data from the Office of National Statistics (ONS) showed a deficit of £8.1 billion (US$11.7 billion) in January and £23 billion over the past three months.

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Both figures are the highest since the data began in 1998. Exports to the 28-nation bloc in the quarter ended January declined to £32.7 billion, the least since 2009, data showed. In a separate report, the ONS said construction output fell 0.2 percent in January from December last year and was down 0.8 percent year on year.

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