Trade Balance in United Kingdom

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

United Kingdom - Trade Balance (billions of British pounds)

The economy gained steam in Q1 as government consumption growth edged up and fixed investment rebounded, although this was likely influenced by stockpiling in preparation for a possible no-deal Brexit. More encouragingly, private consumption picked up pace, supported by solid wage gains and a multi-decade low unemployment rate. On the other hand, the external sector weakened on a surge in imports—again tied to stockpiling. Turning to Q2, growth is likely ebbing as the stockbuilding effect unwinds. In April, the manufacturing PMI declined, while the services PMI was weak despite crawling back into expansionary territory. However, retail sales in April were better than expected. On the political front, Theresa May announced she would resign as Conservative leader on 7 June, paving the way for a new Conservative prime minister. This increases the likelihood of both a no-deal Brexit and a further extension to Article 50.

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 Yield0.84-3.04 %Jun 13
Exchange Rate1.27-0.35 %Jun 13
Stock Market7,369-0.26 %Jun 13

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