Arab Today, arab today uk trade deficit soars as exports slump
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

UK trade deficit soars as exports slump

Arab Today, arab today

Arab Today, arab today UK trade deficit soars as exports slump

London - Arabstoday

Britain’s trade-in-goods deficit widened far more than expected in June as exports slumped, official data showed Thursday, dealing another blow to the country’s chances of a quick exit from recession. The deficit shot up to £10.1 billion ($15.8 billion, 12.8 billion euros) in June from £8.4 billion in May, the Office for National Statistics (ONS) said. Market expectations had been for a trade deficit of £9.0 billion in June, according to analysts polled by Dow Jones Newswires. “There was a deficit of £10.1 billion on goods, which was only partly offset by a surplus of £5.8 billion on services,” the ONS said. Britain’s overall trade deficit ballooned to £4.3 billion in June — the largest amount since comparable records began in 1997, the ONS said. Goods exports in June fell 8.4 per cent from May to £23.5 billion as trade dried up between Britain and the rest of the world — not just the eurozone with which the country does most of its business. “The weakness in exports was a result of sharp drops to both EU and non-EU countries,” said Barclays analyst Blerina Uruci, who noted that trade data tended to be very volatile and subject to major revisions. “Nevertheless, with the euro area in recession and the rest of the global economy slowing, the outlook for exports seems rather dismal and the prospects for any material rebalancing of the economy are not encouraging,” she added. The data comes a day after the Bank of England slashed its forecast for British growth this year to close to zero percent, saying the greatest threat to recovery came from the eurozone debt crisis. From:Gulftoday

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uk trade deficit soars as exports slump Arab Today, arab today uk trade deficit soars as exports slump

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uk trade deficit soars as exports slump Arab Today, arab today uk trade deficit soars as exports slump

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday