Channel NewsAsia

Britain's official trade deficit widens in June

Britain's deficit in goods trade with the rest of the world grew in June as exports dropped by a greater rate than imports, official data showed on Friday (Aug 8).

LONDON: Britain's deficit in goods trade with the rest of the world grew in June as exports dropped by a greater rate than imports, official data showed on Friday (Aug 8).

The deficit rose to £9.4 billion (US$15.8 billion, 11.8 billion euros, S$19.8 billion) in June, the Office for National Statistics said in a statement.

That compared with a deficit of £9.2 billion in May.

Exports fell by 1.6 per cent in June from the May level, while imports slipped by 0.4 per cent.

Tweet photos, videos and updates on this story to  @channelnewsasia