The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK industrial production unexpectedly dropped in December
Industrial production unexpectedly dropped 0.40% on a YoY basis in the UK, in December, lower than market expectations for a rise of 1.00%. Industrial production had recorded a revised rise of 0.70% in the previous month.
UK industrial production fell more than expected in December
In the UK, industrial production dropped 1.10% on a monthly basis in December, higher than market expectations for a drop of 0.10%. In the prior month, industrial production had recorded a revised drop of 0.80%.
UK manufacturing production unexpectedly dropped in December
Manufacturing production in the UK recorded an unexpected drop of 0.20% in December on a MoM basis, compared to a revised drop of 0.30% in the previous month. Markets were expecting manufacturing production to advance 0.10%.
UK manufacturing production fell more than expected in December
In December, manufacturing production recorded a drop of 1.70% on a YoY basis in the UK, more than market expectations for a fall of 1.40%. Manufacturing production had dropped 1.20% in the prior month.
UK house price balance remained flat in January
House price balance in the UK remained flat at 49.00 in January, compared to market expectations of a rise to a level of 52.00.
UK NIESR estimated GDP registered a rise in the November-January 2016 period
In the November-January 2016 period, on a MoM basis, NIESR estimated gross domestic product (GDP) in the UK registered a rise of 0.40%. In the October-December 2015 period, NIESR estimated GDP had registered a revised rise of 0.50%.
French manufacturing production unexpectedly slid in December
On a MoM basis, manufacturing production in France unexpectedly eased 0.80% in December, lower than market expectations for a rise of 0.30%. In the previous month, manufacturing production had registered a revised rise of 0.60%.
French industrial production unexpectedly slid in December
In December, industrial production unexpectedly eased 1.60% on a MoM basis in France, lower than market expectations for a rise of 0.20%. In the prior month, industrial production had fallen 0.90%.
Italian industrial production unexpectedly dropped in December
In December on an annual basis, the working day adjusted industrial production in Italy unexpectedly dropped 1.00%, lower than market expectations for an advance of 1.40%. In the prior month, industrial production had climbed by a revised 1.10%.
Italian industrial production rose in December
The non-seasonally adjusted industrial production in Italy recorded a rise of 2.10% on an annual basis, in December. Industrial production had risen by a revised 4.30% in the prior month.
Italian industrial production surprisingly eased in December
In December, the seasonally adjusted industrial production unexpectedly eased 0.70% in Italy on a monthly basis, compared to a fall of 0.50% in the prior month. Market expectation was for industrial production to climb 0.30%.
US recorded budget surplus in January
Budget surplus in the US stood at $55.20 billion in January, from a budget deficit of $14.40 billion in the prior month. Market expectation was for the nation’s budget surplus to stand at $47.50 billion.
US mortgage applications advanced in the last week
Mortgage applications climbed 9.30% on a weekly basis, in the week ended 05 February 2016, in the US. In the previous week, mortgage applications had dropped 2.60%.
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