UK trade deficit narrowed to £2.7bn in May

The UK's trade gap narrowed in May, helped by a boost in exports.

The trade deficit - a measure of how much imports exceed exports - fell to £2.7bn, compared with £4.1bn in April, according to figures from the Office for National Statistics.

The seasonally adjusted volume of exports was 6.6% higher, while imports rose 1%.

The goods deficit was £8.4bn, compared to £9.7bn in April, while services showed an unchanged surplus of £5.6bn.

Source & Image : BBC