Release: UK Trade, June 2012
Contact
Stephen Curtis
Trade & Transfers
Telephone: +44 (0)1633 456626
Categories: Economy, National Accounts, Balance of Payments
Frequency of release: Monthly
Language: English
Geographical coverage: UK
Geographical breakdown: UK and GB
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Seasonally adjusted, the UK's deficit on trade in goods and services was £4.3 billion in June, compared with a deficit of £2.7 billion in May.
- There was a deficit of £10.1 billion on goods, which was only partly offset by a surplus of £5.8 billion on services.
- For May and June 2012, data may have been affected by the changed pattern of public holidays.
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Taking the second quarter of 2012 as a whole, trade in goods and services was estimated to have been in deficit by £11.2 billion (seasonally adjusted), compared with a deficit of £7.8 billion in the preceding quarter.
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Excluding oil and erratic items, in the second quarter the seasonally adjusted volume of exports was 3.3 per cent lower than in the preceding quarter. The volume of imports fell 0.5 per cent over the same period.
- As ONS previously announced in its statement on 3 July 2012, exports and imports price indices data are not available in this month's UK Trade publication. The statement detailing the omission of these data can be found on the ONS website.
- Users should also be aware that for data prior to April 2012, months do not sum to quarters precisely for the MTIC series due to rounding.
In this release
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