Economic Buzz: UK Visible Trade Deficit Widens Notably In March

Trade in goods showed a deficit of GBP 12.28 billion in UK compared to a shortfall of GBP 10.4 billion seen in February, data from the Office for National Statistics showed Thursday. This was the biggest deficit since November and larger than the expected GBP 11.3 billion shortfall. The deficit with EU countries rose to GBP 8.64 billion and that with non-EU countries increased to GBP 3.64 billion. The overall total trade deficit, including goods and services, widened to GBP 3.09 billion in March from GBP 1.17 billion in February.