U.K. exports increased at their fastest rate since May 2011 in February with a 17% growth rate. Yet that was outstripped by import growth that resulted in a goods deficit of £6.6 billion ($8.2 billion) vs. £4.9 billion expected. If the higher imports included components and materials then, when combined with the marked turnaround in export expectations from managers, further export growth could be expected. While the growth outstripped that seen in Germany and France, there was a slowdown in exports to the U.S. – Britain’s largest export market. These were unchanged in February and fell ...
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