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The deficit on trade over the same period

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BerichtGeplaatst: 22-08-2018 04:37:07    Onderwerp: The deficit on trade over the same period Reageren met citaat

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LONDON Homme Nike Air Max 98 TOUR Jaune Blanche Marine Grise Pas Cher , Aug. 8 (Xinhua) -- British deficit on trade in goods and services was estimated to have reached 2.5 billion British pounds (4.2 billion U.S. dollars) in June 2014, up from 2.4 billion pounds a month earlier, the Office for National Statistics (ONS) said Friday.

Economists here reckon that British economic recovery has become more unbalanced in the second quarter, and plenty of headwinds are ahead for the country's exporters.


Britain registered a 9.4 billion pounds deficit on goods trade Femme Supreme x Nike Air Max 98 Rose Noir Pas Cher , and an estimated surplus of 7 billion pounds on services in June, data showed. The trade in goods deficit widened by 0.3 billion pounds compared with May 2014.

Exports of goods decreased by 0.5 billion pounds between May and June 2014 to 23.5 billion pounds, as oil and manufactured goods fell over the period. Imports of goods decreased by 0.1 billion pounds to 32.9 billion pounds in June, said ONS.

In the three months to June 2014 Homme Supreme x Nike Air Max 98 Foncé Bleu Rouge Pas Cher , British exports of goods decreased by 0.5 billion pounds to 71.3 billion pounds, and imports of goods increased by 0.4 billion pounds to 98.7 billion pounds.

The deficit on trade over the same period was 27.4 billion pounds, figures also showed.


June's trade data provided further evidence that the economic recovery became more unbalanced in the second quarter, and net trade was probably a drag on gross domestic product (GDP) growth in the second quarter Homme Supreme x Nike Air Max 98 Foncé Bleu Blanche Pas Cher , said Paul Hollingsworth, assistant economist at Capital Economics in an analysis piece.

"There are still plenty of headwinds which mean that exporters may continue to struggle in the near term," said Hollingsworth, citing the effects of sterling's appreciation and dismal external demand as the main hindrances.

Martin Beck Homme Supreme x Nike Air Max 98 Tout Noir Pas Cher , senior economic adviser to the EY ITEM Club, also commented in a note that the less balanced growth is likely to remain the case for the "foreseeable future."

"Sterling rose further in July while the Euro zone economy looks set for little or no growth in the second quarter. Meanwhile, a continuation of the recent rapid rises in import-intensive investment and retail sales is likely to eventually drive up import growth," he added.

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