Growth Beats Expectations

Once again the UK posted stronger-than-forecast first quarter GDP after consensus economists were once again surprised by stronger than expected gains.

GDP gained 0.2% from January, when it jumped 0.5%, economists had expected output to flat-line. The pickup in February was broad based, with manufacturing rising 0.9% and construction gaining 0.4%. Good luck to remainers attibuting the rise in construction to “stockpiling”…

The trade deficit narrowed marginally in February. Exports rose and there was little evidence in the data of firms supposedly hoarding foreign goods in case of a no-deal Brexit, with imports falling in both value and volume terms. Pharma was an exception – suggesting there will be no interruption in supplies in the event of a no deal exit.

GDP grew at the fastest rate since 2017. Despite Brexit!


Euro News



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Quote of the Day

Emmanuel Macron comes over all euro-sceptic…

“We ended the day on what we can call a failure. It’s a very bad image we are giving of the Council and Europe, no one can be satisfied with what happened over so many hours. Our credibility is profoundly tainted with these meetings that are too long and lead to nothing, we give an image of Europe that isn’t serious. We cannot hold talks with world leaders, in an ever more violent world, and be a club that meets at 28 without ever deciding anything.”

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