UK exports fall at a record pace

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	UK exports fall at a record pace

JICWyllie

3-12-2009 2:43 PM

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tags:

economy, trade, i-decrease, i-record

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1f4fbdae-97e1-4d41-aa23-0be074dfa64a/0A611A47-44DA-46F4-9AEA-8FC0FC24E2D8/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/b0e1eed4-0e25-11de-b099-0000779fd2ac.html" href="http://www.ft.com/cms/s/0/b0e1eed4-0e25-11de-b099-0000779fd2ac.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/b0e1eed4-0e25-11de-b099-0000779fd2ac.html">UK exports fell at a record pace in the three months to January, highlighting  the fact that Britain has not escaped a plunge in global trade.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/b0e1eed4-0e25-11de-b099-0000779fd2ac.html">Total exports of goods fell by 9.3 per cent between November and January, compared with a 2.4 per cent drop in the previous three months, </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/b0e1eed4-0e25-11de-b099-0000779fd2ac.html">Declining exports suggest that slumping global demand is undermining hopes for a quick reorientation of the UK economy towards exports as consumption falls at home and a weaker pound makes British goods more competitive.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/b0e1eed4-0e25-11de-b099-0000779fd2ac.html">The collapse in sales of British goods abroad reflects a sharp retrenchment in global demand that has hit export dominated economies including Germany and Japan  even harder than the UK. While UK exports were down 6.7 per cent in January compared to a year ago, Japan’s exports were down 45 per cent and Germany’s fell by 20 per cent.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0A611A47-44DA-46F4-9AEA-8FC0FC24E2D8/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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