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June 29, 2018UK CURRENT ACCOUNTS, Q1 2018 The UK posted a current account deficit of £17.7 billion (3.4 per cent of GDP) in the first quarter of 2018, down £1.8 billion from a revised £19.5 billion deficit posted in the fourth quarter of 2017. This is the third consecutive quarter that the current account deficit has narrowed in the United Kingdom.
- The UK goods and services trade deficit narrowed by £1.9 billion to £3.8 billion. The deficit in goods narrowed by £3.7 billion to £31.2 billion, while the surplus in services declined by £1.8 billion to £27.4 billion.
- The net primary income deficit decreased by £1.5 billion to £8.1 billion.
- The net secondary income transfers deficit increased by £1.6 billion to £5.8 billion.
Total net trade deficit decreased to £3.8 billion as the net services surplus declined to £27.4 billion, and the net goods deficit decreased to £31.2 billion
Goods exports increased £1.4 billion to £87.0 billion, and goods imports decreased £2.3 billion to £118.2 billion for a decreased deficit of £31.2 billion.
Services exports decreased £1.4 billion to £69.4 billion, and services imports increased £0.4 billion to £42.1 billion, for a decreased surplus of £27.4 billion.
Source:
Office for National Statistics | Data
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