10 December 2002, 12:39  UK October - Global Trade In Goods Deficit Hit

The global trade in goods deficit hit a record high in October, and came in well above the MNI median for a Stg2.9bn shortfall. The trade balance with both the EU and non-EU areas deteriorated. The non-EU trade gap, at Stg2.355bn, was the largest since Dec 2001. The data highlighted the problems facing UK exporters. Total exports, including services, fell 2.7% to Stg21.365bn, and well below the recent peak of Stg23.578bn recorded in May. The figures continue to show how net trade is acting as a brake on UK growth.//www.marketnews.com

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