Friday, December 09, 2011
Trade looks too good to be true
Posted by David Smith at 03:00 PM
Category: Thoughts and responses

Good news on Britain's overseas trade is there to be cherished but the sharp drop in the goods and services deficit between September and October, from 4.3 billion to 1.6 billion, looks a bit too erratic to be true. Adjusted exports rose by 9% to record levels while imports fell by 1.5%. Despite the scepticism, an underlying improvement is occurring. More here.