Exports fuel drop in UK trade deficit

City A.M. Reporter
Record exports helped narrow the UK's trade deficit with the rest of the world in February to £2.4bn from £3.9bn the previous month, according to official figures.

Total exports hit £30.7bn in the month, a fresh high since 1980, the Office for National Statistics (ONS) said.

The deficit on physical goods fell to £6.8bn, from £7.8bn in January.

Exports were driven by demand from markets outside the EU, the ONS said.