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ECONOMICS COMMENTARY
Jun 06, 2014
UK trade deficit widens but buoyant surveys cast doubt on slump in official exports
A further marked deterioration in UK export performance, according to official trade data, sits in marked contrast to buoyant survey data. While the surveys indicate that firms are having great success in winning export sales, which should help boost GDP in the second quarter, the official data suggest that exports are slumping, down 6% on a year ago so far in 2014.
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