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Britain's adverse trade balance for November reached its lowest since the armistice at £36.2 million, with exports up £9 million and imports down £10 million, partly due to US strikes and production issues boosting European markets for British goods.
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(Correspondence of Associated Press)
LONDON, Dec. 26.—The adverse balance of trade against Great Britain as shown by comparison of her exports and imports during the month of November was the lowest attained since the armistice. Its total was £36,200,000.
Britain's exports increased about £9,000,000 in November while in the same period her imports decreased about £10,000,000.
The decline in imports is attributed by the American chamber of commerce in London in part to the recent strikes in the United States. It is stated also that decreased production and shipping troubles in America forcibly reduced British imports but at the same time improved her market for exports in continental Europe which were shut off from their source of supply.
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Foreign News Details
Primary Location
Great Britain
Event Date
Month Of November
Outcome
adverse balance of £36,200,000, lowest since armistice; exports increased about £9,000,000; imports decreased about £10,000,000
Event Details
The adverse balance of trade against Great Britain as shown by comparison of her exports and imports during the month of November was the lowest attained since the armistice. Its total was £36,200,000. Britain's exports increased about £9,000,000 in November while in the same period her imports decreased about £10,000,000. The decline in imports is attributed by the American chamber of commerce in London in part to the recent strikes in the United States. It is stated also that decreased production and shipping troubles in America forcibly reduced British imports but at the same time improved her market for exports in continental Europe which were shut off from their source of supply.