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UK Current Account deficit rose to £16.9 billion
Friday, 30 June 2017
News

UK Current Account deficit rose to £16.9 billion

The UK’s current account deficit was £16.9 billion in Quarter 1 (Jan to Mar) 2017, a widening of £4.8 billion from a deficit of £12.1 billion in Quarter 4 (Oct to Dec) 2016 , due predominantly to a widening in the deficit on trade; the current account deficit in Quarter 1 2017 equated to 3.4% of gross domestic product (GDP) at current market prices, up from 2.4% in Quarter 4 2016. The total trade deficit widened to £8.8 billion in Quarter 1 2017 following a sharp narrowing of the deficit in Quarter 4 2016 (£4.8 billion); this was due to a widening in the deficit on trade in goods and a narrowing in the surplus on trade in services.

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Australian GDP grew by 0.3%
Wednesday, 07 June 2017
News

Australian GDP grew by 0.3%

Australian economic growth slowed sharply in the first three months of the year, leaving the annual pace of growth at the weakest level since late 2009, the tail end of the global financial crisis. According to the ABS, GDP expanded by 0.3% in the March quarter in seasonally adjusted chain volume terms, seeing the year-on-year increase slow to just 1.7%, the weakest expansion since the September quarter of 2009.

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US GDP grew by 1.2% in Q1
Friday, 26 May 2017
News

US GDP grew by 1.2% in Q1

Real gross domestic product (GDP) increased at an annual rate of 1.2 percent in the first quarter of 2017, according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month.  In the advance estimate, the increase in real GDP was 0.7 percent.

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UK GDP grew by 0.2%
Thursday, 25 May 2017
News

UK GDP grew by 0.2%

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.2% between Quarter 4 (Oct to Dec) 2016 and Quarter 1 (Jan to Mar) 2017. UK GDP growth in Quarter 1 2017 has been revised down by 0.1 percentage points from the preliminary estimate published on 28 April 2017; mainly due to broad-based downward revisions within the services sector.

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