Tag: exports

CBI outlines plans to re-balance economy

CBI outlines plans to re-balance economy

In its New Year report the CBI has called on UK businesses to increase their export activity to help the UK re-balance its economy. The CBI believes that this could boost the UK’s economy by £20 billion over the next eight years. The organisation is also calling on the private sector to invest £140 billion [...]

UK trade deficit narrows in August

UK trade deficit narrows in August

The Office for National Statistics (ONS) has today revealed the UK trade deficit narrowed in August as export values hit an all-time high and imports fell. The goods trade gap shrank to £7.77 billion in August from £8.15 billion the previous month, said the ONS. Total exports of goods reached £25.5 billion, led by fuels [...]

German unemployment hits lowest level in 20 years

German unemployment hits lowest level in 20 years

Official data has revealed unemployment in Germany dropped to its lowest level in more than 20 years in September. The country’s unemployment rate fell from August’s rate of 7% to 6.6%. Unemployment now stands at 2.79 million – the first time since 1992 that the jobless total has been below 2.8 million. It was also [...]

Japan’s exports recover in August

Japan’s exports recover in August

Official figures today revealed Japan’s exports rose in August for the first time in six months – suggesting the world’s third largest economy is continuing its recovery from the devastating earthquake and tsunami which struck in March. According to the Ministry of Finance, exports were 2.8% higher last month on an annual basis but this [...]

US exports surge, Obama unveils jobs plan

US exports surge, Obama unveils jobs plan

The Commerce Department has revealed US exports hit an all-time high in July, while imports fell. According to official figures, exports surged 3.8% to $178 billion (£111 billion) after two months of declines. The rise in exports was attributed to strong overseas sales of manufactured goods, particularly to countries in Central and South America. Meanwhile, [...]

Japanese economy continues to struggle

Japanese economy continues to struggle

The Cabinet Office has today revealed the world’s third largest economy performed worse than originally thought in the April to June period. Gross Domestic Product (GDP) contracted by 2.1% on an annual basis in the three-month period, compared with an initial estimate of 1.3%. The fall was attributed to a cut back on spending by [...]

German exports lower than expected in July

German exports lower than expected in July

Statistics office Destatis has today revealed German exports and imports fell in July – more than expected. According to Destatis, exports fell by 1.8% in July on a monthly basis compared with a 1.2% drop in June. Economists had forecast a 0.1% fall for the month. The sharp fall in exports will be of grave [...]

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China manufacturing activity improves in August

China manufacturing activity improves in August

Manufacturing activity in China grew for the first time in four months in August, two separate surveys have revealed. Firstly, the official China Federation of Logistics and Purchasing (CFLP) said its purchasing managers’ index (PMI) edged higher to 50.9 last month from July’s reading of 50.7. The index remains just above the crucial 50 level, [...]

Philippines economic growth slows in Q2

Philippines economic growth slows in Q2

The National Statistical Coordination Board has revealed the Philippine economy grew at an annual rate of 3.4% in the second quarter – slowing from an annual growth of 4.6% in the previous quarter. The expansion was less than the 4.4% expected by economists. Compared with the previous three months, the economy, which is South East [...]

Japanese exports fall more than expected

Japanese exports fall more than expected

Official figures today revealed Japan’s exports fell more than expected last month resulting in the country’s second consecutive month of trade surplus. According to the Ministry of Finance, exports were 3.3% lower on an annual basis in July – the fifth consecutive monthly fall – and lower than forecasts of a 2.4% fall. The figures [...]

Japanese economy performs better in Q2

Japanese economy performs better in Q2

Japan’s economy performed better than in expected in the second quarter, suggesting the country is slowly recovering after the earthquake and tsunami, which struck in March. According to the Cabinet Office, the economy contracted by 0.3% in the April to June period – less than the 0.7% expected by analysts. On an annual basis, meanwhile, [...]

US trade deficit widens as exports slump

US trade deficit widens as exports slump

The US trade deficit swelled in June to $53.1 billion (£32.9 billion) from an upwardly revised $50.8 billion the previous month, as exports slumped. The deficit was much higher than the $48 billion expected by analysts. According to the Commerce Department, the trade deficit rose to the highest level since October 2008. Exports fell by [...]

China’s trade surplus reaches two-year high in July

China’s trade surplus reaches two-year high in July

South Korean economy sees slowdown in Q2

South Korean economy sees slowdown in Q2

South Korea, which is Asia’s fourth largest economy, has experienced growth of 3.4% in the second quarter on an annual basis, down from 4.2% in the previous quarter, according to official data today. Meanwhile, quarter-on-quarter growth was 0.8%, down from 1.3% as exports slowed and manufacturing weakened. “Private consumption steadily increased and facilities investment rose. [...]

Japan’s exports recover in June

Japan’s exports recover in June

Official figures today revealed Japan’s exports recovered last month as the economy starts to rebound from the devastating earthquake and tsunami, which hit on 11 March. Exports rose by 5.4% on a monthly basis but were 1.6% lower on an annual basis – but this represented the slowest fall in four months. Analysts had forecast [...]

US trade deficit widens as oil imports surge

US trade deficit widens as oil imports surge

The US trade deficit swelled in May to $50.2 billion (£31.7 billion) from $43.6 billion the previous month, as oil imports surged. According to the Commerce Department, the trade deficit rose to the highest level since October 2008. Exports fell by 0.5% on a monthly basis to $174.9 billion, while imports rose by 2.6% on [...]

UK trade deficit widens in May

UK trade deficit widens in May

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit widened in May to £8.48 billion from a revised £7.6 billion in April. The figures surprised economists who had expected the trade gap to narrow to £7.3 billion. Meanwhile, the ONS said exports rose by 4.2% on a monthly basis to £25.4 [...]

German exports recover in May

German exports recover in May

Statistics office Destatis has today revealed German exports and imports recovered in May, giving a trade balance of €14.8 billion from €10.8 billion the previous month. According to Destatis, exports were 4.3% higher on the month at €92.1 billion (£82 billion), higher than forecasts of a 1.5% rise and recovering from April’s fall of 5.6%. [...]

Japan’s current account surplus down 52% in May

Japan’s current account surplus down 52% in May