Current Account in United Kingdom

United Kingdom Current Account (GBP bn) | Economic News & Forecasts

United Kingdom - Current Account (billions of British pounds)

Economic growth slid sharply in Q4 2018 according to recent figures. The deceleration was driven by a contraction in fixed investment, as firms curtailed spending amid elevated Brexit uncertainty. In contrast, private consumption growth was steady, likely supported by a firm labor market; in October-December employment figures and real wage growth were strong. Turning to the first quarter of 2019, signs are largely gloomy. In January, both the services and manufacturing PMIs dropped, with the services PMI hovering only just above the 50-threshold separating expansion from contraction. Although retail sales perked up somewhat, this was partly due to heavy discounting by stores. On the political front, the government appears no nearer to solving the Brexit impasse, impelling several Labour and Conservative MPs to defect. The lack of certainty will hamper GDP in Q1.

United Kingdom - Current Account (GBP bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (GBP bn)-97.0  -98.0  -98.1  -113.6  -82.9  

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United Kingdom Current Account (GBP bn) Chart

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

United Kingdom Facts

Bond Yield1.15-3.04 %Mar 20
Exchange Rate1.32-0.35 %Mar 20
Stock Market7,291-0.26 %Mar 20

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