The U.K. Office for National Statistics (ONS) released trade data for the U.K. on Tuesday. The U.K. trade deficit in goods narrowed to £11.2 billion in March from £11.4 billion in February.
The decline in deficit was driven by a rise in exports, which increased by £0.4 billion in March.
The total trade deficit for goods and services widened to £13.3 billion in the first quarter from £12.2 billion in the fourth quarter of 2015. It was the biggest gap since the first quarter of 2008.
The total trade deficit, including services, narrowed to £3.83 billion in March from £4.3 billion in February. February's figure was revised down from a deficit of £4.84 billion.[...]
Destatis released its trade data for Germany on Tuesday. Germany's trade surplus increased to €26.0 billion in March from 20.2 in February. February's figure was revised down from a surplus of €20.3 billion.
Exports climbed 1.9% in March, while imports were down 2.3%.
On a yearly basis, German exports decreased 0.5% in March, while imports slid by 4.3%.
Germany's current account surplus was €30.4 billion in March, up from €21.1 billion in February. February's figure was revised up from a surplus of €20.0 billion.[...]
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