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December 20, 2019UK CURRENT ACCOUNTS, Q3 2019 The United Kingdom the Office of National Statistics reported that in 2019 Q3, the Current account deficit narrowed by £8.3 billions over 2019 Q2 to £15.9 billion.
Compared to the previous quarter,
- Net Goods trade deficit narrowed by £5.4 billions to £29.2 billion
- Net Services trade surplus widened by £5.1 billions to £28.8 billion
- Primary Income deficit widened by £2.2 billions to £8.7 billion
- Secondary Income deficit narrowed slightly to £6.8 billion
Exports of Goods increased 10.2% (£8.7 billions) over 2019 Q2, and increased 5.3% (£4.8 billions) over 2018 Q3 to £94.1 billion. Imports of Goods increased 2.7% (£3.3 billions) over 2019 Q2, and decreased 0.4% (£0.5 billions) over 2018 Q3 to £123.3 billion. As a result, Net Goods trade deficit narrowed by £5.4 billions to £29.2 billion.
Services exports increased £4.3 billion to £81.1 billion, and services imports decreased £0.7 billion to £52.3 billion, for an increased surplus of £28.8billion.
Measured as a percentage of nominal GDP, the UK current account deficit was at its narrowest since Q1 2012.
Source:
Office for National Statistics | Data
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