Totals 3.5% of GDP (Il Sole 24 Ore Radiocor) - London, 28 Jun - The underlying UK current account deficit, excluding precious metals, narrowed by 2.5 billion pounds to 23.8 billion, or 3.5% of gross domestic product (GDP), in the first quarter of 2024, according to the Office for National Statistics (ONS).

The UK current account deficit, when trade in precious metals is included, narrowed to 21.0 billion, or 3.1% of GDP.

The total trade deficit, excluding precious metals, narrowed to 6.2 billion pounds, as the goods deficit narrowed to 44.6 billion, and the services surplus expanded to 38.5 billion.

The primary income account deficit widened to 10.9 billion pounds, or 1.6% of GDP.

The UK recorded a net financial inflow of 1.2 billion pounds, down from a 8.8 billion inflow in the previous quarter, as portfolio investment outflows increased.

The preliminary estimate of the UK's net international investment liability position at March 31 was 706.0 billion pounds.

AAA-Web

(RADIOCOR) 28-06-24 08:43:04 (0161) 5 NNNN