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UK trade deficit narrows more than forecast in September
Britain's trade deficit narrowed more than expected in September, and third-quarter construction output fell by a similar amount to earlier estimates, reducing the chance of a downward revision to quarterly GDP. Britain's economy bounced out of recession in the third quarter, growing by 1 percent, but weak economic data since then had made some analysts concerned that this growth figure could be revised lower. However, official data released on Friday showed Britain's goods trade deficit shrank to 8.4 billion pounds in September from 10.0 billion pounds in August, and the quarterly trade gap shrank as well. ... (full story)