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Free AccessTrade Will Have Likely Added 0.1pp to Q1 Q4.>
UK DATA: Trade Will Have Likely Added 0.1pp to Q1 GDP After Q4 Drag
-UK Mar Total Trade Deficit Stg3.091bn Vs Stg1.176bn in February
-UK Mar Global Goods Trade Deficit Stg12.287bn Vs Stg10.414bn in Feb
-UK Q1 Trade Deficit Stg6.9bn vs Stg7.6bn in Q4 2017
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Net trade will have likely have had a positive influence on first
quarter GDP, that despite the deficit widening by more than expected in
March. The trade gap swelled to stg3.1bn, more than the stg2.0bn
expected by markets, but should have contributed 0.1pp to Q1 growth
after exterting a drag in Q4 2017. The stg0.7bn narrowing in the total
deficit on the quarter was duelargely to reduced imports of ships,
aircrafts and clothing from outside the EU.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.