Ultima Markets[Market Hotspot] The UK sees dawn in the midst of economic fog

FTSE 100 Exponential continuation3Day up, Wednesday closing higher 0.3% to 7,772 Point, climb 10 The peak of the month. Positive economic indicators bring hope to the sluggish UK economy.

2024year1Month, UKGDPModerate growth as expected by the market0.2%, stop last month0.1%The decadence symbolizes self2023After a technical recession in the second half of the year, it entered recovery. The driving force mainly comes from the service industry (growth this month)0.2%Last month, it declined0.1%）Especially excluding the retail trade of automobiles (growth)3.4%）Health and Market (Growth)0.9%）And the education industry (growth)0.7% ）。

At the same time, architecture creates growth 1.1%(Previous value decrease) 0.5%）。 However, industrial production has declined 0.2%(Previous value increase) 0.6%）Mainly due to a decrease in water supply and sewage treatment, waste management, and repair businesses2.2%。 by 1 Within three months of the month, the UK economy experienced a slight contraction 0.1%。

1The export of goods and services from the UK in the month also reported positive news, with an increase0.7%achieve692.6Billion pounds, from12The one-year and a half low point of the month687.6Billion pounds rebounded. The growth of goods exported to the European Union 0.8%Mainly due to an increase in fuel sales, especially exports to Polandcrude oilFinished oil and chemicals exported to Belgium. However, exports of machinery and transportation equipment have declined, affected by a decrease in car exports to Spain and aircraft exports to Germany.

On the other hand, non EU markets have experienced a decline in exports due to declining fuel sales1.7%Including a decline in crude oil exports to South Korea, as well as exports of pharmaceutical products and inorganic chemicals to the United States. In summary, the growth of service exports0.3%。

(FTSE100Index monthly chart)

(GDP MoM%， The UK Office for National Statistics)

(UK exports, The UK Office for National Statistics)

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