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SPEU - PMI Data Reveal Widest U.K.-Eurozone Export Divergence For 20 Years In 2021
SPDR® Portfolio Europe ETF
UK is largely missing out on the recent surge in demand for inputs from the world's factories.
Looking at the first six months of 2021, since the end of the Brexit transition period, the average underperformance of UK goods exporters compared to the eurozone has been the highest since 2000.
UK component exporters have seen only a marginal expansion of export sales, while their peers in the eurozone have enjoyed record growth.