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Saturday 13th of March 2010

News Tag: Trade gap

March 9, 2010

UK trade deficit unexpectedly widens in January

by Kay Murchie
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 ...

January 12, 2010

US impresses with gains in imports and exports

by Kay Murchie
US impresses with gains in imports and exports
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 ...

UK exports jump in November, boost hopes of end to recession

by Kay Murchie
Further good news for the UK economy emerged today after the Office for National Statistics (ONS) said exports in November soared to £20.2 billion - the highest since October 2008. The rise was fuelled by sales of consumer goods and chemicals, according to the ONS. The ONS said that Britain’s global goods trade gap narrowed from £7 billion ...

October 9, 2009

Factory gate prices in surprise September rise

by Kay Murchie
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 ...

April 10, 2009

Weaker pound slows factory price rise and narrows trade gap

by Peter Charalambous
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 ...