British trade deficit expands in July: official data

6th September 2013, Comments 0 comments

Signs that the British economy is recovering were clouded on Friday by data showing that the trade deficit for goods shot up in July.

The deficit was the biggest for nine months, official data showed.

The deficit increased to £9.9 billion ($15.4 billion, 11.7 billion euros) from £8.2 billion in June, the Office for National Statistics said in a statement.

The ONS had originally put June's deficit at £8.1 billion.

Exports of goods to countries outside of the European Union dropped by almost 16 percent to £11.8 billion in July compared with June--the biggest drop since January 2009.

The figures contrast with recent strong official data suggesting that Britain's economic recovery was gaining strength.

-- Dow Jones Newswires contributed to this story --


© 2013 AFP

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