Tag: widen

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 [...]

August 18, 2011 | 0 Comments More
UK trade deficit widens in June

UK trade deficit widens in June

The Office for National Statistics (ONS) has today revealed the UK trade gap widened to £8.8 billion in June – the biggest deficit since December 2010 and higher than expectations of £8.1 billion. The figures come on the same day the ONS revealed UK factory output fell by 0.4% in June after rising by 1.8% [...]

August 9, 2011 | 0 Comments More
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 [...]

July 12, 2011 | 0 Comments More
US trade deficit pushed up by rising oil import costs

US trade deficit pushed up by rising oil import costs

The US trade deficit swelled in March to $48.18 billion (£29.5 billion) – up from $45.4 billion the previous month. The widening was attributed to higher prices for imported oil, the Commerce Department reported. Imports rose 4.9% to $220.8 billion, while exports grew 4.6% to a record high of $172.7 billion – the largest monthly [...]

May 12, 2011 | 0 Comments More
easyJet losses swell amid higher fuel costs

easyJet losses swell amid higher fuel costs

Budget airline easyJet has today revealed pre-tax losses for the six months to 31 March swelled to £153 million, compared with a loss of £79 million in the same period a year earlier. The no-frills airline attributed the loss to rising fuel costs and the challenging economic environment. Jet fuel costs continue to rise due [...]

May 10, 2011 | 0 Comments More
US trade deficit widens in January

US trade deficit widens in January

The US trade deficit swelled in January to a seven month high of $46.3 billion (£28.8 billion) - much higher than expected. The widening was attributed to higher prices for imported oil, the Commerce Department reported today. Imports continued to surge - rising for the fourth consecutive month in January by 5.2% on a monthly [...]

March 10, 2011 | 0 Comments More
UK trade deficit hits record high in November

UK trade deficit hits record high in November

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit widened to a record high in November. According to the ONS, the goods trade gap widened to £8.736 billion in November from an upwardly revised £8.591 billion the previous month. This represented the biggest deficit since monthly records began more than 30 [...]

January 12, 2011 | 0 Comments More
UK trade deficit widens in October

UK trade deficit widens in October

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit unexpectedly widened in October. According to the ONS, the goods trade gap widened to £8.5 billion in October, up from an upwardly revised deficit of £8.3 billion the previous month. Analysts had expected a deficit of £8.05 billion. The ONS said exports [...]

December 9, 2010 | 0 Comments More
China’s trade surplus widens in October

China’s trade surplus widens in October

China’s trade surplus widened lat month - to reach its second highest level this year, official data showed today. The trade surplus grew to $27.1 billion (£17 billion) - far higher than September’s $16.9 billion but just slightly below the $28.7 billion reported in July. Exports and imports grew considerably, with exports up 22.9% on [...]

November 10, 2010 | 0 Comments More
German exports pick up pace after two months of declines

German exports pick up pace after two months of declines

Germany’s statistics office, Destatis, today revealed exports rose 3% on the month in September to €84.3 billion (£73.09 billion). On an annual basis, exports are up 22.5%. Export demand helped to bring Germany out of recession in the second quarter of last year – much sooner than many of its counterparts throughout the world. The [...]

November 8, 2010 | 0 Comments More
US trade deficit widens in August

US trade deficit widens in August

The Commerce Department today announced the US trade deficit widened in August by 8.8% to $46.6 billion (£29 billion), from $42.58 billion in August. Economists had expected a $44.5 billion gap. According to the Commerce Department, the widening in the trade deficit was primarily due to record imports from China. Imports from China rose 6.1% [...]

October 14, 2010 | 1 Comment More
UK interest rates remain on hold

UK interest rates remain on hold

The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% - where they have been since March 2009. Furthermore, the Bank opted not to inject any more funds into the economy via its quantitative easing (QE) scheme – introduced to [...]

September 9, 2010 | 0 Comments More
US trade deficit widens in June

US trade deficit widens in June

The Commerce Department today announced the US trade deficit widened in June to $49.90 billion (£31.8 billion) – the highest level in 20 months and much higher than the $42.2 billion most economists had expected. According to the Commerce Department, the further widening in the trade deficit was primarily due to rising imports from China [...]

August 11, 2010 | 1 Comment More
China’s trade surplus widens in July

China’s trade surplus widens in July

China’s trade surplus widened to $28.7 billion (£17.9 billion) last month as exports soared. Not only did the trade surplus surge from June’s $20.02 billion, but it exceeded expectations of a $19.6 billion surplus. The figure represented the highest since January 2009, when it stood at $39.11 billion. Exports grew 38.1% in July on an [...]

August 10, 2010 | 0 Comments More
US trade deficit widens in May

US trade deficit widens in May

The Commerce Department today announced the US trade deficit widened in May to $42.3 billion (£28 billion) – an 18-month high. Most economists had expected the deficit to fall to $39.4 billion. The trade gap for goods and services grew 4.8% from $40.3 billion in April, the Commerce Department said. The figures showed that imports [...]

July 13, 2010 | 0 Comments More
UK trade deficit widens unexpectedly in May

UK trade deficit widens unexpectedly in May

The Office for National Statistics (ONS) has today revealed the UK’s trade gap widened more than anticipated in May. According to the ONS, exports of goods grew 0.2% compared with April to £21.5 billion, while imports also grew on the month, by 2.4% to £29.5 billion. The ONS said the UK’s goods trade deficit with [...]

July 9, 2010 | 0 Comments More
US trade deficit widens in April

US trade deficit widens in April

The Commerce Department today announced the US trade deficit widened to $40.3 billion (£27.5 billion) in April - a 16-month high. The deficit was slightly lower than the $41.3 billion the market had forecast. According to official figures, imports totalled $189.1 billion – down 0.4% on the previous month. Meanwhile, exports were worth $148.8 billion [...]

June 10, 2010 | 0 Comments More
UK trade deficit widens in April

UK trade deficit widens in April

The Office for National Statistics (ONS) has today revealed the UK’s trade gap widened in April, hit by disruption due to the Icelandic volcanic ash cloud which hit both exports and imports. According to the ONS, exports fell 0.6% in April - the first fall since January’s decline of 5.7% which was hit by the [...]

June 9, 2010 | 0 Comments More
UK trade deficit widens in March

UK trade deficit widens in March

The Office for National Statistics (ONS) has today revealed the UK’s trade gap widened in March, due to a surge in imports. According to the ONS, exports rose by 1% in March, but imports accelerated 5.2% in the month - the fastest rate since September 2009. The surge in imports meant the trade gap rose [...]

May 13, 2010 | 0 Comments More
Troubled UK Coal reports full-year loss

Troubled UK Coal reports full-year loss

The UK’s biggest coal producer, UK Coal, has today reported increased losses for the 2009 year due to a fall in production and lower coal prices. The company said pre-tax losses grew to £129.1 million for the full year, against a loss of £15.6 million the previous year. Meanwhile, revenues plunged by 20% to £316 [...]

April 26, 2010 | 0 Comments More