Trade deficit beats forecasts in September

City A.M. Reporter
Britain’s trade deficit narrowed more than expected to £2.7bn in September, compared with a deficit of £4.3bn in August.

Britain's economy bounced out of recession in the third quarter, growing by one per cent, but weak economic data since then had made some analysts concerned that this growth figure could be revised lower.

Official figures from the Office for National Statistics also reported a deficit of £8.4bn on goods, from £10bn in August, and the quarterly trade gap shrank as well.