UK trade: May 2012

The UK’s deficit on seasonally adjusted trade in goods and services was £2.7 billion in May, compared with a deficit of £4.1 billion in April.

Balance of Payments

The UK’s current account deficit was £11.2 billion in the first quarter of 2012, up from a revised deficit of £7.2 billion in the previous quarter.
The trade deficit widened to £7.8 billion in the first quarter of 2012, up from £5.6 billion the previous quarter.

The UK’s current account deficit was £8.5 billion in the fourth quarter of 2011, down from a revised deficit of £10.5 billion in the previous quarter.
The trade deficit reduced to £7.1 billion in the fourth quarter of 2011, down from £8.8 billion the previous quarter.
The income surplus was £4.6 billion, up from £4.0 billion in the third quarter of 2011.
The financial account recorded net inward investment of £15.3 billion during the fourth quarter of 2011.
The international investment position recorded UK net liabilities of £201.9 billion at the end of the fourth quarter 2011.
In 2011, the UK’s current account deficit was £29.0 billion.