Weak export figures call for increased focus on growth markets

Weak export figures call for increased focus on g...

Yael Selfin, Economics Director at KPMG comments on today’s ONS trade figures for June 2014

Also on KPMG.com

Yael Selfin said: The latest trade figures show improvement in exports of goods to the EU, but a disappointing fall in exports to the rest of the world; with goods exports to some of the UK’s key trading partners such as US and China falling in Q2. UK Plc has successfully shifted its attention to some of the stronger markets but exports remain disproportionally focused on weaker European economies.”


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KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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