FXstreet.com (Barcelona) - UK's current account deficit widened to 20 billion pound in the third quarter of 2007, which means 5.7% of the British GDP, from revised 13.7 billion deficit in the previous quarter; 4.0% of the GDP, according to data released by National Statistics.
The third quarter's current account shows an enhanced gap in income and goods trade then in the second quarter, while services trade posted a slight increase.
Income deficit increased to 3.8 billion pound from 0.2 billion in the previous quarter, while goods trade deficit increased to 22.6 billion, up from the 9.6 billion deficit posted in the previous quarter. Exports have increased by 1.6 billion pounds, but the increase has been shadowed by a 4.6 billion pound rise on imports.
Services trade has posted a 9.3 billion surplus in the third quarter, 0.2 billion increase from the previous quarter.