Exporters' high price of success

Article Abstract:

British exporters have faced pressure from the high value of pound sterling and their profit margins have been affected, though exports have not been hit as badly as forecast. Exporters have had to reduce prices as the pound rose, while wage costs have risen. Companies competing against imported goods have also been affected, as have service companeis geared to exporters. Exporters had previously benefoited from a drop in the value of pound sterling from 1992, and the squeeze may be just a reversal of this process.

Economic aspects, Pound (United Kingdom)

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Export outlook turns down: export volume growth, which has been an important factor in the UK economic recovery, is tapering off as the slowdown in the world economic growth takes its toll

Article Abstract:

There are signs that the UK's export growth is slowing, which could hold back UK GDP, with declining growth rates expected in the world economy. Manufacturing companies are not as optimistic about exports according to the Confederation of British Industry's August Industrial Trends survey. Also import prices have increased faster than export prices, although an improvement in economic activity in the US could help UK exporters.

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Boom and gloom

Article Abstract:

British manufacturers are affected by the high value of pound sterling, though non-oil exports have risen and are helped by the strength of the world economy. Exporters may also stay in markets in the hope of a currency fall.

Exports

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