The U.K. visible trade deficit increased to a seasonally adjusted GBP 10.1 billion in April from GBP 8.7 billion in March, data from the Office for National Statistics showed Friday.
The deficit was well above the consensus forecast of GBP 8.5 billion.
The surplus on services trade dipped to GBP 5.7 billion from GBP 5.8 billion. As a result, the deficit on trade in goods and services totaled GBP 4.4 billion, larger than March's GBP 3 billion shortfall.
Exports of goods dropped 8.6 percent from a month ago, while imports dropped only 2.5 percent. At the same time, exports of services gained 0.8 percent and imports rose 2.3 percent.
by RTT Staff Writer
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