Tuesday, April 13, 2010
Exports bounce back
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

There was some scepticism about the weather explanation for the poor January trade figures but it appears to have been true. February's deficit narrowed sharply to 2.1 billion (goods and services) from 3.9 billion (marginally revised up from 3.8 billion) in January. Exports looked particularly good, up 6.3% on the month, while imports fell by 1.4%. More here.

Meanwhile, domestic demand looked reasonably robust in March, with the British Retail Consortium reporting a 4.4% rise in like-for-like sales compared with a year earlier. Retailers will always look a gift horse in the mouth, so the BRC attributes it all to the timing of Easter. More here.