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Trade Figures

Volume 894: debated on Monday 23 June 1975

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asked the Secretary of State for Trade if he will make a statement on the trade figures for the latest available date.

So far this year substantial progress has been made in reducing our overseas visible trade deficit. In the three months ended May 1975 our visible trade deficit was £424 million, seasonally adjusted, compared with £958 million in the previous three months. Trade in non-oil goods improved to show a surplus of £221 million compared with a deficit of £96 million while the deficit on trade in oil at £645 million was £217 million lower than in the previous three months.