AppId is over the quota
13 October 2011 Last updated at 09:27 GMT
The UK exported more goods in August The UK's trade deficit narrowed in August as the export of goods hit a record high, official figures have shown.The overall deficit for goods and services was £1.9bn in August, compared with £2.3bn in July.
Total exports of goods hit £25.5bn, following a 0.6% rise, while imports of goods declined by 0.7% to £33.3bn.
Analysts said the stronger exports may boost the economic growth figures for the July to September quarter.
The UK's surplus on trade in services remained at £5.9bn, with both exports and imports rising by 0.3%.
The deficit on trade in goods narrowed by £400m to £7.8bn.
Economist Alan Clarke of Scotia Capital said: "At face value it does look like very good news.
"I guess the health warning with this release, along with a lot of the other ones we've been getting, is the revisions to the historical data.
"Even so, it's a decent improvement on the month and may yet help to give us a decent third quarter GDP."
