![]() ![]() The euro traded at USD1.0734, lower than USD1.0750.Īgainst the yen, the dollar was quoted at JPY130.37, down versus JPY131.10. ![]() Sterling was quoted at USD1.2111 early Friday, lower than USD1.2154 at the London equities close on Thursday. The goods deficit, excluding precious metals, widened by GBP1.0 billion to GBP64.0 billion, while the services surplus narrowed by GBP1.4 billion to GBP37.2 billion. The deficit was driven by lower exports of goods and services, ONS said. The fourth quarter total trade in goods and services deficit - excluding precious metals - widened by GBP2.4 billion to GBP26.8 billion. Its trade deficit widened in the final quarter and month of 2022, as imports rose and exports fell. Other economic data issued on Friday was more straightforwardly bad for the UK. December's growth was negatively impacted by industrial action across the UK with postal strikes, a hit to public services, and lower school attendance," interactive investor's Victoria Scholar commented. "Despite the typical seasonal boost to spending around the Christmas period, December suffered a sharp economic sharp contraction which meant that the UK economy logged zero growth during the final quarter of 2022. In 2022 as a whole, GDP is estimated to have increased by 4.0%, slowing markedly from a 7.6% increase in 2021. In December, GDP fell 0.5% from the month before, having grown by 0.1% in November. On an annual basis, gross domestic product rose by 0.4% in the fourth quarter, slowing from 1.9% in the third quarter. This means the UK avoided a technical recession, which is defined as two consecutive quarters of contraction. This follows a revised contraction of 0.2% seen in the third quarter. The UK economy registered no growth in the final quarter of 2022, narrowly avoiding a recession.Īccording to a first estimate from the Office for National Statistics, gross domestic product in the fourth quarter saw no growth from the third quarter. (Alliance News) - Stock prices in London opened lower on Friday amid depressed global market sentiment, though economic data showed the UK has avoided recession for now. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |