UK August visible trade balance -£9.8 billion vs -£10.0 billion expected

Latest data released by ONS - 10 October 2019

  • Prior -£9.1 billion; revised to -£9.6 billion
  • Non-EU trade balance -£2.2 billion vs -£2.8 billion expected
  • Prior -£1.9 billion; revised to -£2.5 billion

Looking at the details, exports fell by 0.5% on the month while imports rose by 0.1% on the month for August. The steadiness in domestic demand might allude to further Brexit stockpiling in Q3 as exports remain sluggish and that is befitting of global trade conditions.

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