Seeking Alpha

U.K. trade deficit falls, industrial output rises

  • The U.K.'s total trade deficit narrowed slightly to £2.62B in October from £2.64B in September.
  • The goods deficit fell to £9.73B from £10.1B and was above forecasts of £9.35B. The surplus of services was £7.1B. (PR)
  • As expected, industrial production +3.2% on year vs +2.2% in September.
  • On month, output +0.4% in October v +0.9% in September and forecasts +0.3%.
  • Manufacturing production +2.7% on year vs +0.7% and +2.9%.
  • On month, output +0.4% vs +1.2% and +0.4%. (PR)
  • The pound is +0.05% to $1.6437, while the FTSE is +0.1%.
  • ETFs - Stocks: FKU, EWU, EWUS, DXPS. Currency: GBB, FXB.
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