International Reserves in United Kingdom
United Kingdom - International ReservesThe most recent economic data points to a severe recession as the nationwide lockdown depresses domestic demand, and similar measures abroad hurt exports. The composite PMI fell to a fresh record low in April on weaker manufacturing and services sectors, while retail sales plunged in March as shops closed. Consequently, the previously-solid labor market is crumbling: 1.8 million benefit claims were made from the start of March to mid-April, with millions of workers temporarily laid off. In response to the downturn, the government has recently announced 100% state-backed, fast-tracked loans for SMEs, on top of previous measures such as 80% wage subsidies, extra credit provision and tax deferrals. However, stimulus will not prevent a recession.
United Kingdom - International Reserves Data
|International Reserves (USD bn)||112||138||124||138||160|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Facts
|Bond Yield||0.83||-3.04 %||Jan 01|
|Exchange Rate||1.33||-0.35 %||Jan 01|
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United Kingdom: Services and manufacturing PMIs recover somewhat in May but remain deep in contractionary territory
May 21, 2020
The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) rose from a revised 13.4 in April (previously reported: 12.3) to 27.8 in May.
May 20, 2020
Consumer prices fell a seasonally-adjusted 0.2% in April over the last month, down from the flat result recorded in March.
May 19, 2020
According to the ONS, in January–March the unemployment rate ticked down to 3.9%, employment grew by 211,000 and regular nominal pay growth (excluding bonuses) ebbed to 2.7%.
May 13, 2020
Industrial production dropped 4.2% month-on-month in seasonally-adjusted terms in March (February: -0.1% mom).
May 13, 2020
GDP decreased 2.0% in the first quarter (Q4: 0.0% seasonally-adjusted quarter-on-quarter), marking the worst reading since Q4 2008.