ECONOMICS COMMENTARY
Jan 09, 2013
UK trade deficit narrows as rising goods exports add to signs of manufacturing revival
An upturn in goods exports in November adds to signs that the manufacturing economy showed signs of improving in the final quarter of last year. However, the trade deficit looks likely to have risen compared to the third quarter, and remains very high by historical standards, thereby acting as a drag on economic growth and adding to the possibility that the UK contracted at the end of last year.
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