Quarterly International Trade Outlook

Services Sector Exports Slowing As Brexit Uncertainty Still Looms

Services Sector Exports Slowing As Brexit Uncertainty Still Looms

The services industry is experiencing a slowdown in exporting as post-referendum uncertainty still looms, according to the British Chambers of Commerce (BCC). It’s latest Quarterly International Trade Outlook has revealed that the volume of trade documentation issued nationally, fell by 4.14% on the quarter following a surge pre-Brexit – suggesting business who trade overseas are becoming more pessimistic about the future. The percentage of tertiary sector firms expecting profitability over the next 12 months also fell from +33% to +15% in Q2 – the lowest level in four years. While firms in the manufacturing industry saw a similar drop, with confidence lowering to +22%, from +28% in Q2 also. Despite the negativity, the number of manufacturers reporting improved export sales rose to +17%, u... »

UK Exporters Experience Slow Rise in Activity

UK Exporters Experience Slow Rise in Activity

The number of UK businesses reporting an increase in export orders and confidence grew moderately in the first quarter of 2016, following a drop at the end of 2015, according to a report from the British Chambers of Commerce (BCC) and DHL. The latest Quarterly International Trade Outlook (QITO) found that the volume of trade documentation issued by accredited Chambers of Commerce rose by 1.4% in January to March 2016, compared with the previous quarter, to stand at an index of 116.04. Despite the positive trend in exports and business confidence, when looking at the figures in annual terms, there was a decline of 4.4% on the first quarter of 2015. There were also clear industry differences in exporting sales in the first quarter of 2016. Among manufacturing exporters, the balance of firms ... »