Exports in United Kingdom
United Kingdom - ExportsGrowth was seemingly solid in Q1, as the progressive removal of virtually all Covid-19 restrictions supported the services sector. The economy clocked back-to-back monthly growth in January and February, while the labor market strengthened in Q1, with job vacancies at a record high and brisk employment growth in the quarter as a whole. Less positively, surging domestic inflation and a darkening international panorama are dragging on activity heading into Q2. In April, the Composite PMI dropped, and consumer sentiment tumbled to an over-decade low, boding poorly for private spending. The measures taken so far by the government—including a fuel duty cut and tax rebates—are insufficient to offset the hit to households’ purchasing power from higher inflation. In politics, Prime Minister Boris Johnson was recently fined over breaking lockdown rules. However, he is likely to remain in his post.
United Kingdom - Exports Data
|Exports (USD billion)||466||413||441||486||469|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Exports Chart
Source: Office for National Statistics (ONS).
United Kingdom Facts
|Bond Yield||0.83||-3.04 %||Jan 01|
|Exchange Rate||1.33||-0.35 %||Jan 01|
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May 20, 2022
Consumer confidence fell to minus 40.0 in May from April's minus 38.0.
May 17, 2022
Consumer prices increased 2.51% over the previous month in April, accelerating from the 1.09% rise recorded in March.
April 29, 2022
According to the Nationwide Building Society, house prices expanded 0.3% in month-on-month seasonally-adjusted terms in April, which followed March's 1.1% increase.
April 22, 2022
Consumer confidence fell to minus 38.0 in April from March's minus 31.0, amid surging inflation and uncertainty driven by the war in Ukraine.
April 22, 2022
The S&P Global/CIPS Flash Composite Purchasing Managers’ Index (PMI) came in at 57.6 in April, down from March's 60.9.