- Prior -9.620bn. Revised to -9.842bn
- Non-EU balance -2.649bn vs -3.45bn. Prior -3.582bn revised to -3.505bn
- Goods and services -1.405bn vs -2.0bn exp. Prior-2.024bn revised to -2.246bn
- Exports 0.3% vs 2.4% prior m/m (3m/3m 3.8% vs 0.3% prior)
- Imports -2.9% vs 0.0% prior m/m (3m/3m +1.1% vs -0.8% prior)
Cheaper oil has driven the deficit lower with the value level of imports to the lowest since Oct 2010. You know the saying, “make hay while the sun shines”.
There is good news outside of oil as as the deficit ex-oil dropped too to -8.6bn vs -9.2bn
UK trade balance details 09 01 2015
UK trade balance 09 01 2015
