Posts Tagged ‘January’
US imports and exports down in January
The Commerce Department today announced a fall in US imports and exports, resulting in an unexpected fall in the trade deficit.
According to official figures, exports in January dipped 0.3% to $142.7 billion, with less machinery, agricultural products and civilian aircraft sold.
Meanwhile, imports slumped 1.7% in the world’s largest economy, to $180 billion, partly due [...]
Think tank provides UK growth forecasts
According to leading economic think tank, the National Institute of Economic and Social Research (NIESR), the UK economy grew by 0.3% in the December to February period and has expanded by 0.7% since last September’s slump.
The NIESR’s latest predictions come just a few weeks after the Office for National Statistics (ONS) revealed the UK economy [...]
UK factory output in surprise January fall
The Office for National Statistics (ONS) today revealed UK industrial output unexpectedly fell in January – primarily due to the cold weather during the month.
According to the ONS, output fell by 0.4% in January compared with the previous month and represented the largest monthly fall since August.
Analysts had expected a 0.3% rise.
However, on an [...]
German exports slump in January
The Federal Statistics Office today announced a fall in German exports for the month of January, with the cold weather being attributed to the fall, according to analysts.
Exports in January fell by 6.3% on the month to €67.9 billion, while imports grew by 6% to €59.2 billion.
As a result, Germany’s trade surplus narrowed €8.7 billion [...]
UK trade deficit unexpectedly widens in January
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 [...]