Exports out of the UK have increased and this has helped to cut the country's trade gap.
Data released by the Office for National Statistics (ONS) revealed that the trade gap in goods with non-EU countries came down sharply from £4 billion in May to £2.6 billion in June.
With analysts having predicted this figure to be £3.8 billion, it is another indication the UK's economic recovery is starting to gather pace.
The economy expanded by 0.3 per cent in the first quarter of the year and this expanded to 0.6 per cent for the second three-month period of 2013.
Some analysts have forecasted growth for the year as a whole to be around the one per cent mark, but a raft of positive data released in recent weeks could see predictions increase.
"This positive trade data supports our view that the manufacturing sector will gain momentum and will be a source of growth for the UK economy over the coming years," said Rachel Pettigrew, senior economist at the EEF manufacturers' organisation.
Earlier this week, it was revealed that the US trade gap had been cut by 22.4 per cent to $34.2 billion (£22.3 billion) in June.
Find up to date information on the FTSE 100 and spread betting strategies at City Index
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.