Current Account in United Kingdom
United Kingdom - Current AccountThe economy is expected to recover in seasonally-adjusted terms in the third quarter from the second quarter’s contraction, but growth is likely to remain subdued. This is partly because businesses will be stocking up in preparation for a possible UK departure from the EU on 31 October. Available data is mixed for Q3, but generally supports this narrative: On the upside, economic activity increased in July over the prior month after flatlining in June. Moreover, the unemployment rate dipped in May–July to the joint-lowest reading since the 1970s, helping to support the second-fastest increase in nominal earnings in over ten years, which should bode well for private consumption growth and help offset persistent consumer pessimism. On the downside, however, PMI data showed the services sector expanded at a slower pace in August, while the contraction in the manufacturing sector worsened.
United Kingdom - Current Account Data
|Current Account (% of GDP)||-0.1||0.0||0.0||-0.1||0.0|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Current Account Chart
Source: Office for National Statistics (ONS).
United Kingdom Facts
|Bond Yield||0.43||-3.04 %||Sep 04|
|Exchange Rate||1.23||-0.35 %||Sep 04|
|Stock Market||7,311||-0.26 %||Sep 04|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
October 16, 2019
Consumer prices increased 0.1% in September compared to the previous month, down from August’s 0.4% growth.
October 15, 2019
The unemployment rate ticked up to 3.9% in June-August from 3.8% in the previous rolling quarter.
October 10, 2019
Industrial production fell 0.6% in August compared to the prior month, contrasting July’s 0.1% rise.
October 10, 2019
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity shrank 0.1% in August over the previous month in seasonally-adjusted terms.
United Kingdom: Services and manufacturing PMIs stay gloomy in September as Brexit uncertainty bites
October 3, 2019
The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) decreased to 49.5 in September from 50.6 in August.