Britain's trade deficit falls in November
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Britain's trade in goods deficit fell to 4.6 billion pounds (6.58 billion euros, 8.61 billion dollars) in November from a downwardly revised 5.0 billion in October.
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The UK trade deficit widened to Â£5.3bn in October after imports hit their highest level since records began, official data showed today.
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The UK's monthly trade deficit grows in December, as the nation also records a record annual trade gap.
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America's trade deficit posted a dramatic decline in October, falling to the lowest level in 14 months as the price of crude oil plunged by a record amount.
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WASHINGTON -- The U.S. trade deficit declined during the third quarter to the lowest level in two years, raising hopes that the country's trade troubles could be easing.
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Japan's trade surplus plunged 39.2 percent in November, the government said Wednesday, as surging oil prices boosted imports.
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WASHINGTON (CBS.MW) - The US trade deficit narrowed in July as imports fell for the first time in almost a year, the Commerce Department reported Friday.
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British retail sales volumes fell for a second month running in November and to the weakest level since March, a survey showed on Thursday.
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Britainâs trade deficit unexpectedly shrank in May to the narrowest in more than one and a half years as buoyant economic growth in Europe and Asia raised exports. The goods trade deficit was Â£6.3 billion ($12.7 billion), the least since October 2005, down from a revised Â£6.9 billion a month earlier, the Office for National Statistics said. The report suggests British manufacturers are coping with the level of the pound, which reached the highest in a quarter-century last week on speculation of higher interest rates. British factories are benefiting from an economic pickup in the euro region, which buys half of their exports. Exports to non-European Union countries rose in May, by 2.3 percent, and imports fell by 1.9 percent, narrowing the gap in the goods trade to Â£3.5 billion. Exports to European Union nations rose 4.2 percent.
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Skyrocketing oil prices likely pushed the U.S. trade deficit in November to its widest since July, economists polled by Reuters said.
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The dollar fell across the board on  Wednesday after a much wider-than-expected November U.S. trade  deficit fueled a sell-off in the currency.
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The UK's current account deficit narrowed to Â£9.1bn in the three months to June, official figures show.
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The pound stabilised after falling due to continued weaknesses in British economic data.
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Industrial output in Germany fell in November, hit by declining activity in the key manufacturing, construction and energy sectors, data published by the German Economy and Labour Ministry showed.
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The countryâs trade deficit narrowed in January as coal and manufacturing exports rose, signaling that growth may pick up in the Asia-Pacific regionâs fifth-largest economy. The trade shortfall narrowed to 876 million Australian dollars ($677 million) from 1.38 billion Australian dollars in December, the Bureau of Statistics reported. Exports rose 2 percent and imports dropped 1 percent. Total exports climbed to 18.12 billion Australian dollars in January. Farm exports like meat, sugar, wheat and wool declined 1 percent. Shipments of nonrural goods, which include minerals, increased 3 percent. Total imports fell to 18.99 billion Australian dollars from December. Imports of intermediate goods, which include fuel, decreased 1 percent.
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A monthly deficit on its oil balance saw the UK's worldwide trade gap widen to its highest level since January.
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An index measuring changes in UK house prices fell in the three months through November to the lowest since December 1992, suggesting a decline in the nation&#39;s property market is deepening.