BRITAIN’S TRADE
May surplus reported
(NZPA.-Reuter— Copyright)
LONDON, June 15.
Britain has announced a surplus on visible trade last month of £2Bm.
The Department of Trade and Industry says that exports in May were valued at £734m, compared with an import figure of £7o6m, and that the surplus may reflect to some extent, delays in registering exports caused by the postal strike earlier this year.
Over the first five months of 1971, Britain showed a deficit averaging £6m a month, but, with net earnings from invisibles—shipping, tourism and financial services—run-
ning at close to £som a month the Current Account has continued in substantial surplus so far this year. Of the trade pattern generally, the department says that shipments to North American have shown a marked increase in recent months entirely due to the resumed growth in exports to the United States. Exports to the sterling area also rose sharply.
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Bibliographic details
Press, Volume CXI, Issue 32634, 16 June 1971, Page 11
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150BRITAIN’S TRADE Press, Volume CXI, Issue 32634, 16 June 1971, Page 11
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