Seeking Alpha

U.K. trade deficit narrows, industrial production falls

  • U.K total trade deficit £3.32B in August vs £3.45B in July and consensus of £2.05B.
  • Goods trade deficit £9.625B vs £9.94B and £9B.
  • Exports of goods +1.1% on month to £25.1B, imports -0.1% to £34.7B. (PR)
  • Industrial production -1.1% on month vs +0.1% in July and consensus of +0.4%.
  • On year, industrial production -1.5% vs -1.1% and -0.6%.
  • Manufacturing production -1.2% on month vs +0.2% and +0.4%.
  • On year, manufacturing production -0.2% vs -0.3% and +1%. (PR)
  • The pound takes a tumble and the GBP-USD is now -0.7% to $1.5976. The FTSE is -0.2%.
  • ETFs - Stocks: FKU, EWU, EWUS, DXPS. Currency: GBB, FXB.
Comments (1)
  • keentolearn
    , contributor
    Comments (132) | Send Message
     
    Pound is expected to weakened further.
    9 Oct 2013, 05:27 AM Reply Like
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