A worker sits under scaffolding at a construction site in London, Britain January 22, 2015. REUTERS/Neil Hall
LONDON (Reuters) - The value of Britain’s exports rose in December by the largest amount in five years, central bank data showed on Tuesday, helping set the country on course to post record exports for 2019.
Exports by value climbed by 5.2 percent in December on a yearly basis, rising to 47.3 billion pounds ($59.6 billion) from 47.0 billion the previous month. That was the largest increase since January 2012.
The value of goods shipped abroad also increased by 5.2 percent last month on a year earlier.
Exports to non-EU markets in 2019 also stood at a record high by value, totalling 42.4 billion pounds, according to figures for January given by the Bank of England. This compares with 40.5 billion pounds the previous year.
“The figures seen so far in the first quarter of 2019 have shown export growth of 7.2 percent year-on-year,” it said.
“The strong performance to date has been underpinned by strong increases in shipments to both the U.S. and China, which account for over 30 percent of export volumes each.”
($1 = 0.7804 pounds)