British trade deficit widens in May: data
Britain's trade deficit for goods grew in May on the back of unusually high aircraft imports, official data showed Thursday.
The deficit rose to £9.2 billion ($15.7 billion, 11.5 billion euros) in May, the Office for National Statistics said in a statement. That compared with a deficit of £8.8 billion in April.
Economists polled by Dow Jones Newswires had forecast a smaller deficit of £8.9 billion.
The bigger-than-expected increase in the goods deficit was due mainly to aircraft imports.
The ONS added that £1.2 billion worth of aircraft was imported into the country in May, up from £800 million in April.
"The trade deficit was lifted in May by a jump in aircraft imports, which are notoriously volatile," noted IHS Global Insight economist Howard Archer.
© 2014 AFP