News Tag: Trade gap
March 9, 2010
The Office for National Statistics (ONS) has today revealed the UK’s trade gap widened unexpectedly in January to a 17-month high.
The news disappointed markets and sent the already weak pound falling. Sterling fell 0.4% to €1.10 at mid morning and lost 0.75% against the dollar to fall below the $1.50 mark.
Sterling has lost around 24% of its value since ...
UK trade deficit unexpectedly widens in January
by Kay Murchie
January 12, 2010
Figures released by the Commerce Department today revealed a rise in US imports in November, rising to $174.6 billion from $170.2 billion the previous month - a rise of 2.6%.
The surge in imports to the US reflected an increase in demand for industrial materials and consumer goods.
Meanwhile, exports totalled $138.2 billion - a rise of 0.9% on ...
US impresses with gains in imports and exports
by Kay Murchie
UK exports jump in November, boost hopes of end to recession
by Kay Murchie
October 9, 2009
The Office for National Statistics (ONS) has today revealed a surprise rise in factory gate prices for the month of September - the first rise since April.
According to the ONS, the prices of goods leaving UK factories grew 0.5% on year and rose 0.4% on the month.
The news surprised analysts who had expected an annual fall of 0.1%.
Most sectors contributed ...
Factory gate prices in surprise September rise
by Kay Murchie
April 10, 2009
The Office for National Statistics has said that a combination of lower oil prices and the value of the pound has meant that the price of goods leaving the UK has risen by the smallest rate for over a year and a half.
On a month-to-month basis, output prices have risen by just 0.1 percent. This has been ...
Weaker pound slows factory price rise and narrows trade gap
by Peter Charalambous
