Thursday, July 09, 2009
Trade deficit narrows
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

Waiting for the trade deficit to narrow in response to sterling's devaluation has required patience and this may be a false dawn but the May numbers, admittedly helped by oil, were better, with a deficit in goods and services of 2.2 billion, compared with 3 billion in April. The Office for National Statistics believes the trend is for a gradual narrowing. More here.