Current Account in United Kingdom

United Kingdom Current Account | Economic News & Forecasts

United Kingdom - Current Account

The 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

2013  2014  2015  2016  2017  
Current Account (% of GDP)-0.1  0.0  0.0  -0.1  0.0  

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United Kingdom Current Account Chart


United Kingdom Current Account
Note: Current account balance as % of GDP.
Source: Office for National Statistics (ONS).

United Kingdom Facts

ValueChangeDate
Bond Yield0.43-3.04 %Sep 04
Exchange Rate1.23-0.35 %Sep 04
Stock Market7,311-0.26 %Sep 04

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