UK exports outside EU fall despite weak pound - News Summed Up

UK exports outside EU fall despite weak pound


The deficit in the trade in goods with non-EU countries widened by £2.4bn while exports to the EU grew to cut the trade gap by £1.3bn. UK economy 'treading water' as eurozone stretches ahead, says BCC Read moreOverall, UK exports of goods and services edged down 0.2% month on month in July and were up just 0.6% from one quarter to the next. Manufacturers improved their output, though this only meant reducing the loss of production of 0.6% in June to 0.1% in July. The ONS said a flurry of new car models helped the motor industry recover ground lost earlier in the year. The usual period of summer maintenance of North Sea oil platforms also failed to materialise for a second month running.


Source: The Guardian September 08, 2017 10:39 UTC



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