Latest data released by ONS - 9 October 2020
- Prior -£8.6 billion; revised to -£7.9 billion
- Non-EU trade balance -£2.3 billion
- Prior -£2.4 billion; revised to -£1.4 billion
Slight delay in the release by the source. Exports rose by 0.4% on the month while imports rose by 3.7% on the month, leading to the wider trade deficit in August.
Trade conditions are slowly catching up to pre-virus levels and that's a good thing but amid some questions surrounding the pace of the recovery, it remains to be seen if this will be sustainable as we head towards the year-end.
