Trade Balance in United Kingdom
United Kingdom - Trade Balance (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 - Trade Balance (GBP bn) Data
|Trade Balance (GBP billion)||-119.8||-123.1||-118.6||-135.5||-135.6|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Trade Balance (GBP bn) Chart
Source: Office for National Statistics (ONS).
United Kingdom Facts
|Bond Yield||1.15||-3.04 %||Mar 20|
|Exchange Rate||1.32||-0.35 %||Mar 20|
|Stock Market||7,291||-0.26 %||Mar 20|
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March 22, 2019
On 21 March the EU agreed to delay Brexit until 12 April to give the UK parliament more time to coalesce around a way forward.
March 21, 2019
At its meeting ending on 20 March, the Monetary Policy Committee (MPC) of the Bank of England (BoE) voted unanimously to keep the Bank Rate unchanged at 0.75%.
March 20, 2019
Consumer prices rose 0.5% in February over the previous month, contrasting January’s 0.8% decline.
March 19, 2019
In the November-January period, the unemployment rate reached a fresh multi-decade low of 3.9%, while the employment rate rose to a record high.
March 12, 2019
Industrial production rose 0.6% in January over the prior month according to the Office for National Statistics, contrasting December’s 0.5% decline.