British trade deficit is reduced to 6,200 million pounds in August

The UK trade deficit narrowed slightly in August to 6,200 million pounds (9.900 billion, 6.700 billion), against 6,400 million in July, today announced the Office for National Statistics (ONS), UK.
Economists had expected a deficit of 6,350 million pounds, according to a compilation of estimates published by the bank Calyon.
The deficit with other countries in the European Union (EU) rose sharply to 3,200 million pounds, against 2,500 million in July, but reducing the deficit with other trading partners was more important: 3.000 billion pounds in August compared to 3,900 last month.
International trade in services, traditionally a surplus in the UK, showed a surplus of 3,900 million pounds, against 3,800 million in July.
Including these exchanges, the total trade deficit decreased to 2,300 million pounds, against 2,600 million in July.
According to some economists, this improvement in the deficit confirms the expectation that the British economy grows again in the third quarter just ended and whose data will be published.
Howard Archer at IHS Global Insight, said that "exporters are given an unlimited competitiveness of the pound (which depreciated against other major currencies since the start of the crisis) and the deceleration of the contraction in activity or the return of growth in several key markets. "
Conversely, the depreciation of the pound, which increased the relative price of imported goods weighed on imports, he said.