LONDON: Britain's trade-in-goods deficit narrowed in March, official data showed on Friday.
The deficit dipped to £9.1 billion ($14.0 billion, 10.8 billion euros) in March, the Office for National Statistics said in a statement. That compared with a February deficit of £9.2 billion in February.
Britain recorded an overall trade deficit of £3.1 billion, when a surplus in the trade of services is included in the data. That compared with a February deficit of £3.4 billion.
The data sparked fresh hopes over the outlook for the British economy, analysts said.
"March's trade data provides a further piece of reasonably good economic news," said economist Martin Beck at research group Capital Economics.
"The overall monthly trade deficit narrowed from £3.4 billion to £3.1 billion, meaning that net trade probably provided a marginal boost to GDP growth in the first quarter."
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