UK June trade balance data now out 9 August 2016
- -GBP11.526 bln revised down from - 9.879 bln prev
- trade balance non-EU -GBP 4.159 bln vs -2.563 bln exp vs -3.560 bln rev down from 2.566 bln prev
- trade balance -GBP 5.084 bln vs -2.55 bln exp vs -4.227 bln prev rev down from -2.2263 bln
Say the ONS:
- The UK's deficit on trade in goods and services was estimated to have been £5.1 billion in June 2016, a widening of £0.9 billion from May 2016. Exports increased by £1.0 billion and imports increased by £1.9 billion. Imports reached a record high of £48.9 billion.
- The deficit on trade in goods was £12.4 billion in June 2016, widening by £0.9 billion from May 2016. This widening reflected an increase in exports of £1.0 billion to £24.6 billion and an increase in imports of £1.8 billion to £37.0 billion.
Exports increased by £1.0 billion (4.0%) to £24.6 billion in June 2016, from £23.6 billion in May 2016.In detail:
oil rose by £0.4 billion
chemicals rose by £0.2 billion
machinery and transport equipment rose by £0.2 billion
- Imports increased by £1.8 billion (5.2%) to £37.0 billion in June 2016, from £35.2 billion in May 2016.In detail:
oil rose by £0.7 billion
machinery and transport equipment rose by £0.7 billion
chemicals rose by £0.4 billion
Full report here
Another soggy showing to add to the pound's fragility. All data pre-Brexit and record imports number but with GBP over 105 lower now will we a marked reversal in July?
UK trade shows import and export activity and is a main contributor to the overall economic growth of the UK. All data are shown on a seasonally adjusted, balance of payments basis, at current prices unless otherwise stated.
