British trade deficit narrows in August
Britain's deficit in goods
London - AFP
Britain's trade deficit for goods narrowed last month, official data showed on Friday.
The deficit fell to £9.1 billion ($14.6 billion, 11.5 billion euros) in August, the Office for National Statistics said in a statement. That compared with an upwardly-revised deficit of £10.2 billion in July.
Economists polled by Dow Jones Newswires had forecast a larger August deficit of £8.9 billion.
"The main factor behind the deficit narrowing was not an increase in exports but a large fall in imports from non-EU countries," the ONS added.
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