Trade Balance in United Kingdom

United Kingdom Trade Balance (GBP bn) | Economic News & Forecasts

United Kingdom - Trade Balance (billions of British pounds)

The economy appears to have lost momentum in the final quarter. In the three months to October, GDP growth slowed on lower car sales and a softer pharmaceutical sector, while retail sales declined in month-on-month terms for the second straight month in October. Meanwhile, in November the services PMI slipped to an over two-year low, due to slower expansions in new orders and employment, while sentiment among consumers worsened. In contrast, the labor market remains a bright spot; in the three months to October, employment growth was solid, while nominal wage growth reached a near-decade high. On the political front, Prime Minister Theresa May recently called off the vote on the Brexit withdrawal agreement scheduled for 11 December, due to a lack of parliamentary support. She subsequently survived a no-confidence motion tabled by Conservative MPs. The intensifying political uncertainty is likely to depress investment in the months ahead.

United Kingdom - Trade Balance (GBP bn) Data

2013  2014  2015  2016  2017  
Trade Balance (GBP billion)-119.8  -123.1  -118.6  -135.5  -135.6  

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United Kingdom Trade Balance (GBP bn) Chart

United Kingdom Trade
Note: Trade balance in GBP billion.
Source: Office for National Statistics (ONS).

United Kingdom Facts

Bond Yield1.31-3.04 %Jan 16
Exchange Rate1.29-0.35 %Jan 16
Stock Market6,863-0.26 %Jan 16

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