Britain's official trade deficit widens in October
Britain's trade-in-goods deficit expanded in October from the level in September as record-high imports offset signs of a recovering export market, official data showed on Thursday.
The deficit grew to 8.5 billion pounds (10.1 billion euros, 13.4 billion dollars) in October, compared with a revised deficit of 8.4 billion pounds in September, the Office for National Statistics (ONS) said in a statement.
September's deficit had originally been put at 8.2 billion pounds.
Analysts had expected the deficit to shrink to 8.1 billion pounds in October, according to a survey conducted by Dow Jones Newswires.
October imports shot up 3.4 percent to 31.6 billion pounds -- the highest level on record, the ONS added.
Exports rose to 23.1 billion pounds -- the highest amount since May, 2006.
© 2010 AFP