Tuesday, February 09, 2010
Trade deficit widens, other data downbeat
Posted by David Smith at 10:45 AM
Category: Thoughts and responses

The only good thing to be said for the December trade figures is that they were consistent with a healthy pick-up in demand, together with the effects of the scrappage scheme and some "lumpy" aircraft imports. The overall trade deficit, 3.3 billion, was the widest since October, while the quarterly trade deficit in goods was the biggest since the fourth quarter of last year. No sign of an export-led recovery yet. More here.

Downbeat data from the British Retail Consortium, with total sales in January up just 1.2%, and on activity (thought not prices) from the Royal Institution of Chartered Surveyors (RICS) mainly reflect the snows.