UK trade deficit narrowed to 2.7 billion Pounds

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Source: BBC
UK trade deficit narrowed to seasonally adjusted 2.7 billion Pounds in March as compared to a February reading of 2.9 billion Pounds, according to the Office for National Statistics. Meanwhile, deficit of goods stood at 8.6 billion Pounds while deficit of services widened to 5.8 billion Pounds in March. The figures indicate the impact of financial crisis in the Euro Zone as raise in exports was large part due to 12% surge in demand for UK goods and services from outside the EU.


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