Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  March 12, 2013 13:48:07

UK - industrial production unexpectedly declined in January, exports declined by 3.5%


UK industrial production fell in January decreased by 1.2% compared to the December growth of 1.1%. By the beginning of the market estimated to grow by 0.1%.
The manufacturing sector in January fell by 1.5% compared to the expected market stagnation.

The trade balance in January was a deficit of 2.36 mld.GBP. Exports fell by 3.5%, while imports weakened even by 4.2%. Oil imports fell by 1%, which was the highest since August 2008. The balance of trade in services in January ended with a surplus of 5.83 mld.GBP. Deficit in consumer goods decreased from the December 8.74 billion to 8.2 mld.GBP.

British Pound in response to reports weakened against the dollar to its lowest level since mid-2010. In this year against the dollar has depreciated by 8.6% and 7.9% against the euro also came.

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