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Trade deficit widens..
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[Deleted User]
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from the bbc:
The UK trade deficit has doubled in July from the previous month, according to the Office for National Statistics.
The gap between imports and exports for July, £3.085bn, was more than double June's trade gap of £1.256bn.
It was also the biggest monthly deficit in trade since October 2012.
The deterioration was partly due to a plunge in exports to countries outside the European Union. Exports to those nations fell 16% - the biggest monthly fall in more than four years.
"Today's trade figures could be an early warning that the economy cannot depend on the strong support that it received from net trade in the first half of the year for much longer," said Samuel Tombs of consultancy Capital Economics.
The UK trade deficit has doubled in July from the previous month, according to the Office for National Statistics.
The gap between imports and exports for July, £3.085bn, was more than double June's trade gap of £1.256bn.
It was also the biggest monthly deficit in trade since October 2012.
The deterioration was partly due to a plunge in exports to countries outside the European Union. Exports to those nations fell 16% - the biggest monthly fall in more than four years.
"Today's trade figures could be an early warning that the economy cannot depend on the strong support that it received from net trade in the first half of the year for much longer," said Samuel Tombs of consultancy Capital Economics.
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one months figures illustrate little0
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"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
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We need to see at least some months with a surplus rather than a deficit, and that is not going to come from trade with our EU partners. Woodbine is correct that the steep fall in exports outside of the EU is cause for concern.
Among many recent signs that the UK economy is emerging from intensive care, there are still signs that the patient will need close monitoring for some time to come."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
We don't need to worry any more. We just sell each other the same houses for higher prices and there is no need to do anything much else.0
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Thrugelmir wrote: »Shows that nothing is going to happen unless there's a concerted effort.
strange comment when you so recently seemed to express some dissatisfaction with profit orientated companies : or maybe I misunderstand your meaning
Ended up working for the largest non profit organisation in the country . Makes a change from working for commercial organisations, driven purely by profit.0 -
We don't need to worry any more. We just sell each other the same houses for higher prices and there is no need to do anything much else.
And keep borrowing a little more each time to keep the plates spinning a little longer. Why bother with all that export malarkey.
GDP will rise so no need to worry."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »
If that graph shows anything it is that you cannot establish a trend from one month's figures.0 -
That is very true.chewmylegoff wrote: »If that graph shows anything it is that you cannot establish a trend from one month's figures.
http://www.tradingeconomics.com/united-kingdom/balance-of-trade
"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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