UK Trade Deficit Shrinks in August Due To Falling Imports

The gap between the amount the UK imports and the amount it exports narrowed in August, the latest official figures show.

The Office for National Statistics (ONS) said the UK’s trade deficit in goods and services stood at 1.9bn in August, compared with 3.1bn in July.

But the narrowing was down to a fall in imports rather than a rise in exports.

Separate figures from the ONS also showed a fall in output from the UK’s construction industry.

Construction output dropped by 3.9% in August after a 1.9% rise in July, the ONS said.

via BBC