Tue, 11 Sep 2012 11:56:45 GMT
Trade gap in U.K. narrowed more than expected
The Office for National Statistics
reported on Tuesday that the U.K.'s trade deficit decreased in July
to GBP7.2 billion from the June's figure of GBP10.1 billion.
Economists, however, expected that the trade deficit would witness a
more modest decline and would be equal to 9 billion pounds. Britain's
export grew by 9.3%, while imports decreased by 2.1%.