Investing.com – The U.K.’s goods trade deficit widened more-than-expected in November, official data showed on Wednesday.
In a report, the U.K. Office for National Statistics said the country's goods trade deficit widened to a seasonally adjusted GBP8.6 billion in November, compared to a deficit of GBP7.9 billion in October, whose figure was revised from a deficit of GBP7.6 billion.
Economists had expected the goods trade deficit to widen to GBP8.3 billion in November.
The report said that the total trade deficit widened to GBP2.6 billion in November, after posting a deficit of GBP1.9 billion in the preceding month. Analysts had expected the total trade deficit to widen to GBP2.4 billion.
Export prices of goods fell by 0.4% and import prices of goods fell by 0.2%, compared with October.
Following the release of the data, the pound held on to modest losses against the U.S. dollar, with GBP/USD easing down 0.06% to trade at 1.5473.
Meanwhile, European stock markets were mixed. The FTSE 100 dipped 0.15%, the EURO STOXX 50 slipped 0.1%, France’s CAC 40 rose 0.15%, while Germany's DAX was down 0.1%.
In a report, the U.K. Office for National Statistics said the country's goods trade deficit widened to a seasonally adjusted GBP8.6 billion in November, compared to a deficit of GBP7.9 billion in October, whose figure was revised from a deficit of GBP7.6 billion.
Economists had expected the goods trade deficit to widen to GBP8.3 billion in November.
The report said that the total trade deficit widened to GBP2.6 billion in November, after posting a deficit of GBP1.9 billion in the preceding month. Analysts had expected the total trade deficit to widen to GBP2.4 billion.
Export prices of goods fell by 0.4% and import prices of goods fell by 0.2%, compared with October.
Following the release of the data, the pound held on to modest losses against the U.S. dollar, with GBP/USD easing down 0.06% to trade at 1.5473.
Meanwhile, European stock markets were mixed. The FTSE 100 dipped 0.15%, the EURO STOXX 50 slipped 0.1%, France’s CAC 40 rose 0.15%, while Germany's DAX was down 0.1%.