More good news for UK economy as trade gap shrinks

The gap UK between imports and exports shrank to its smallest level in almost a year in June as more goods were sold abroad.

The Office for National Statistics (ONS) said the UK goods trade deficit narrowed to £8.1bn in June, down from £8.7bn in May.

The ONS also said construction output grew more in the second quarter than it had first estimated.

In the three and bit years since the coalition took over number 10 there have been some tumultuous times on the economy front, but in the last week there have been the strongest indicators yet that things are a changin’.

Construction is at a three year high, services at a six year high and most important of all manufacturing surged in June, all of this means that maybe the first serious steps on the road to recovery are about to be taken.

Of course given the nature of the markets this could all rapidly change and next week we could be back to doom and gloom but for now let’s focus on the positive signs that are there.