UK analysts and the media celebrated the 'surge in UK exports' based on the PMI only a week ago; and will no doubt write off this latest setback as being 'weather related' - alongside the retail sales number (even though Internet sales also fell on the month); house prices; mortgage approvals; and Leeds United's alarming dip in form. Some even claimed that the cold weather could have impacted exports more than imports, even though one might imagine the respective journeys involved are quite similar, save for being in opposite directions.