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December 29, 2022UK CURRENT ACCOUNT, 2022Q3 
Quarter vs quarter (2022Q3 vs 2022Q2)
Compared to the previous quarter, the United Kingdom Office of National Statistics reported that the net current account deficit narrowed by £15.7 billion to £19.4 billion.
- net goods and service deficit narrowed by £19.5 billion to £10.7 billion
- net primary income changed from a surplus of £0.6 billion to a deficit of £3.6 billion
- net secondary income deficit narrowed by £0.4 billion to £5.1 billion
Exports of goods increased 18.0% (£17.6 billion) and imports of goods increased 2.2% (£3.6 billion). As a result, net goods deficit narrowed by £14.0 billion to £51.2 billion.
Exports of services increased 5.8% (£5.6 billion) and imports of services increased 0.3% (£0.2 billion). As a result, net services surplus widened by £5.5 billion to £40.5 billion.
Source:
ONS Balance of Payments Q3 2022
Office for National Statistics | Data
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