Last week, alongside the January trade figures, the @ONS said:
“Despite the slow start for trade in January 2021, data from [its fortnightly Business Insights and Conditions Survey] suggests that importing and exporting began to increase towards the end of January.”...
“Despite the slow start for trade in January 2021, data from [its fortnightly Business Insights and Conditions Survey] suggests that importing and exporting began to increase towards the end of January.”...
A bit frustratingly it didn't show precisely which bits of survey data it was referring to in the release.
I've had time to dig around in the spreadsheets and contacted the survey compilers and the answer is...ons.gov.uk/economy/econom…
I've had time to dig around in the spreadsheets and contacted the survey compilers and the answer is...ons.gov.uk/economy/econom…
...That the share of UK firms reporting that they are exporting "as normal" has risen from 40.4% in January to 48.4% in February.
Meanwhile, the share of firms reporting that they have not been able to export at all has fallen from 20.2% to 11.2% 👇...
Meanwhile, the share of firms reporting that they have not been able to export at all has fallen from 20.2% to 11.2% 👇...
...Yes, there's some encouragement here that stress on trading firms eased in Feb.
But also note that there still seems to very high stress relative to normal (almost half not exporting as normal)- & stress was high before the Brexit transition ended presumably due to Covid...
But also note that there still seems to very high stress relative to normal (almost half not exporting as normal)- & stress was high before the Brexit transition ended presumably due to Covid...
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