Fall In UK Trade Deficit

The UK's trade deficit has narrowed by £0.3bn to £2.5bn from £2.8bn in February. In the first quarter however the deficit increased to £8.3bn from 8.0% in the previous quarter. The deficit on trade in goods is estimated at £6.6bn for March with services showing a surplus of £4.1bn again as in February. The deficit on goods for the quarter was £21.1bn from £22.7bn the surplus on services being £12.8bn compared with £14.7bn in previous quarter. The deficit with EU countries was £3.3bn. Total exports of goods was £18.7bn and total imports £25.3bn. Imports and exports of consumer goods both fell in the first quarter.