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Uk Trade Deficit

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http://gafx.wordpress.com/2011/04/12/uk-trade-deficit-shrinks-again-on-record-exports/

The U.K.’s trade deficit narrowed in February as exports rose to the highest level since records began for the second month running, official data showed Tuesday.

The U.K.’s goods trade deficit with the rest of the world fell to GBP6.8 billion in February, from an upwardly revised deficit of GBP7.8 billion in January, the Office for National Statistics said. February’s goods trade deficit was the smallest since February 2010 when the deficit stood at GBP6.5 billion.

The figures are stronger than expected, with economists polled by Dow Jones Newswires forecasting the deficit to increase to GBP7.8 billion.

Full ONS release: http://www.statistics.gov.uk/pdfdir/trd0411.pdf

Interesting that our imports from China fell by £216m m/m also that oil exports did not fall in Feb despite industrial production figures for oil showing a 8% decline in output?

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http://gafx.wordpres...record-exports/

Full ONS release: http://www.statistic...dir/trd0411.pdf

Interesting that our imports from China fell by £216m m/m also that oil exports did not fall in Feb despite industrial production figures for oil showing a 8% decline in output?

The decline in Chinese imports would seem to tie in with the fall in BRC retail sales figures also reported today. The timing also implies that the retailers knew sales figures were going to be bad and ordered less to sell...

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http://gafx.wordpress.com/2011/04/12/uk-trade-deficit-shrinks-again-on-record-exports/

Full ONS release: http://www.statistics.gov.uk/pdfdir/trd0411.pdf

Interesting that our imports from China fell by £216m m/m also that oil exports did not fall in Feb despite industrial production figures for oil showing a 8% decline in output?

Ah, so this is the reason that China posted a quarterly deficit for the first time in 7 years. (The deficit for the first three months of the year stood at $1.02bn (£622m), according to the latest data by the General Administration of Customs. )

Edited by The Generation Game

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Don't expect this to be reported by the mainstream media. No paper even has an article on this the FT have something (just).

http://www.digitallook.com/news/sharecast/news.cgi?view=full&story=4169313&username=&ac=

Economists at Barclays Capital, for their part, have this morning pointed out that: "Trade data have now been very buoyant for two months running, with the deficit narrowing by almost £3.0bn since December. If the strong outturn for goods trade seen so far were to be maintained in March, it would imply a net trade contribution to Q1 GDP growth of 1.6pp, suggesting significant upside risks to our forecast of a contribution of 0.6pp for overall trade (ie, goods and services)".

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More likely due to soaring commodity prices.

China is stockpiling a massive amount of commodities , it will suddenly stop buying thus causing a stock market crash in those companies.China will then buy those companies out for cheap.

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It looks like the figures are going in the direction which the government and the BoE hoped. We need at least balance, but preferably a surplus for a while too.

I would have thought that the cheaper pound would have made a big difference here, along with less credit being available. The latter hinders a growing trade deficit, while the former helps us head towards a surplus.

Ultimately, it is inevitable though; it is impossible to sustain a trade deficit indefinitely.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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