Pantheon Macroeconomics

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12th Aug 2022 15:11U.K., Daily Monitor

The trade deficit has hit a record share of GDP over the last two quarters, but it will only get worse.

Goods imports will fall, as firms now have excess stock, but the value of energy imports will surge this winter.

The U.K.'s shortfall in exports relative to 2018 remains the largest in the G7; Brexit is largely to blame.

brexit deficit e.u. energy export orders exports fuel futures prices g7 gas prices imports July manufacturers manufacturing manufacturing pmi natural gas natural gas prices oil ONS pmi pmis q1 q2 q3 q4 restocking russia sterling surveys trade trade deficit

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Keywords for: 16 Aug 2022 UK Monitor

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