EU Exports Down Strongly, UK Exports Up Strongly

Remainers pointing to soft economic numbers in the UK should note that trade between euro-zone member states fell by 6.6% in June compared to the same period last year. That was the fastest such contraction since 2013. Exports from the eurozone to the rest of the world also dropped by 4.7%, the fastest rate since 2016. The EU can’t blame the fall in intra-bloc trade on China…

This is massively under-performing compared to exports of goods and services from the UK which grew 4.5% in June, the most since October 2016. Shipments of goods in particular surged 7.6%, driven by machinery & transport equipment. The euro looks over-valued…


Euro News



Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Boris as Hulk…

‘Banner might be bound in manacles, but when provoked he would explode out of them. Hulk always escaped, no matter how tightly bound in he seemed to be – and that is the case for this country. We will come out on October 31 and we will get it done.’

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
National Unity PM: Runners and Riders National Unity PM: Runners and Riders