Economic Buzz: UK Trade Deficit Widens Most Since September 2016

UK visible trade deficit widened to GBP 14.035 billion from GBP 9.248 billion a year ago and GBP 12.003 billion in March, data from the Office for National Statistics showed Monday. The latest figure was the biggest since September 2016, when the deficit was GBP 14.254 billion. Good exports decreased 5.9 percent from the previous month, while imports grew 0.8 percent. Total trade deficit widened to GBP 5.280 billion from GBP 883 million in the same month last year. In March, overall trade deficit was GBP 3.220 billion. Exports of goods and services combined dropped 3.2 percent and imports grew 0.7 percent.