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mpc: 17 The monthly trade in goods data had suggested a slightly weaker contribution to Q3 GDP growth from net trade than had been expected a month ago. This related primarily to stronger imports. It was difficult to know whether the recent strength of imports reflected volatility, or was evidence of a strengthening of domestic demand and/or a further rise in import penetration. But given the preliminary output estimate, it was likely that there would be an offset in other components of demand. Economic exports (which exclude ONS estimates of VAT missing trader intra-community fraud) had increased quite rapidly over the first three quarters of the year, and for goods at the fastest rate for five years. The latest survey evidence on export orders and reports from the Bank's regional Agents seemed consistent with further modest increases in Q4.