The key points from today’s economic news, brought to you by Guardian Stockbrokers.

UK trade deficit narrowed in December
Non-EU trade deficit in the UK narrowed to £2.11 billion in December. The UK had posted a revised trade deficit of £2.97 billion in the prior month.
UK NIESR estimated GDP climbed in the November-January 2017 period
NIESR estimated gross domestic product (GDP) rose 0.70% on a monthly basis, in the November-January 2017 period, in the UK. NIESR estimated GDP had climbed 0.50% in the October-December 2016 period.
UK industrial production advanced more than expected in December
Industrial production in the UK rose 1.10% in December on a MoM basis, compared to a revised advance of 2.00% in the previous month. Market anticipation was for industrial production to rise 0.20%.
UK visible trade deficit fell in December
The UK has posted visible trade deficit of £10.89 billion in December, from a revised visible trade deficit of £11.55 billion in the prior month. Market expectation was for the nation to post a visible trade deficit of £11.45 billion.
UK manufacturing production rose more than expected in December
On a YoY basis in the UK, manufacturing production recorded a rise of 4.00% in December, higher than market expectations for a rise of 1.70%. In the prior month, manufacturing production had advanced by a revised 1.70%.
UK industrial production rose more than expected in December
In December, on a YoY basis, industrial production in the UK advanced 4.30%, higher than market expectations for an advance of 3.20%. In the previous month, industrial production had advanced by a revised 2.20%.
UK total trade deficit fell in December
Total trade deficit in the UK fell to £3.30 billion in December, compared to a revised total trade deficit of £3.56 billion in the prior month.
UK construction output unexpectedly rose in December
In December, construction output in the UK recorded an unexpected rise of 0.60% on a YoY basis, higher than market expectations for a drop of 0.50%. In the prior month, construction output had climbed by a revised 1.80%.
UK manufacturing production rose more than expected in December
On a MoM basis, manufacturing production in the UK advanced 2.10% in December, compared to a revised advance of 1.40% in the prior month. Markets were expecting manufacturing production to rise 0.50%.
UK construction output rose more than expected in December
In December, construction output recorded a rise of 1.80% in the UK on a monthly basis, higher than market expectations for a rise of 1.00%. Construction output had advanced by a revised 0.40% in the prior month.
French non-farm payrolls advanced more than expected in 4Q 2016
On a quarterly basis, the preliminary non-farm payrolls advanced 0.40% in France, in 4Q 2016, higher than market expectations for a rise of 0.30%. Non-farm payrolls had recorded a rise of 0.30% in the previous quarter.
French manufacturing production dropped more than expected in December
On a monthly basis, manufacturing production registered a drop of 0.80% in France, in December, higher than market expectations for a drop of 0.70%. In the previous month, manufacturing production had risen by a revised 2.40%.
French industrial production dropped more than expected in December
In December, on a monthly basis, industrial production recorded a drop of 0.90% in France, higher than market expectations for a fall of 0.70%. In the prior month, industrial production had advanced by a revised 2.40%.
Italian industrial production advanced more than expected in December
In Italy, the working day adjusted industrial production rose 6.60% in December on a YoY basis, higher than market expectations for an advance of 3.20%. Industrial production had registered a revised rise of 3.30% in the prior month.
Italian industrial production climbed unexpectedly in December
In Italy, the seasonally adjusted industrial production unexpectedly advanced 1.40% on a monthly basis in December, more than market expectations for a fall of 0.10%. In the previous month, industrial production had registered a revised rise of 0.80%.
Italian industrial production advanced in December
The non-seasonally adjusted industrial production climbed 3.40% on a YoY basis in Italy, in December. In the previous month, industrial production had registered a revised rise of 3.30%.
US import price index rose more than expected in January
In January, on a YoY basis, the import price index in the US registered a rise of 3.70%, compared to a revised rise of 2.00% in the prior month. Market anticipation was for the import price index to advance 3.40%.
US import price index advanced more than expected in January
In January, on a monthly basis, the import price index in the US recorded a rise of 0.40%, compared to a revised advance of 0.50% in the prior month. Market anticipation was for the import price index to climb 0.30%.
US Reuters/Michigan consumer sentiment index dropped in February
The flash Reuters/Michigan consumer sentiment index eased to 95.70 in the US, in February, lower than market expectations of a fall to a level of 98.00. The Reuters/Michigan consumer sentiment index had registered a reading of 98.50 in the prior month.
US export price index rose in January
The export price index recorded a rise of 0.10% in the US on a MoM basis, in January. In the prior month, the export price index had registered a revised rise of 0.40%.
US posted budget surplus in January
The US has registered budget surplus of $51.26 billion in January, following a budget deficit of $27.50 billion in the previous month.
US export price index rose in January
The export price index in the US advanced 2.30% on an annual basis, in January. The export price index had risen 1.10% in the prior month.
Part time employment in Canada climbed in January
Part time employment registered a rise of 32.40 K in Canada, in January, compared to a revised loss of 24.70 K in the prior month.
Number of full time employment in Canada rose in January
The number of full time employment advanced by 15.80 K in Canada, in January. The number of full time employment had recorded a revised increase of 70.90 K in the previous month.
Canadian participation rate climbed unexpectedly in January
The participation rate recorded an unexpected rise to a level of 65.90% in January, in Canada, compared to a level of 65.80% in the previous month. Market anticipation was for the participation rate to record a steady reading.
Net number of people employed in Canada rose surprisingly in January
The net number of people employed in Canada advanced unexpectedly by 48.30 K in January, more than market expectations of a decline of 10.00 K. The net number of people employed had registered a revised increase of 46.10 K in the prior month.
Canadian unemployment rate declined surprisingly in January
In Canada, the unemployment rate dropped unexpectedly to 6.80% in January, lower than market expectations of a steady reading. In the previous month, the unemployment rate had registered a reading of 6.90%.
Japanese GDP rose less than expected in 4Q 2016
The flash GDP in Japan rose 0.20% in 4Q 2016 on a quarterly basis, compared to a rise of 0.30% in the previous quarter. Market anticipation was for GDP to rise 0.30%.
Japanese GDP deflator dropped less than expected in 4Q 2016
The preliminary GDP recorded a drop of 0.10% on a YoY basis in Japan, in 4Q 2016, lower than market expectations for a fall of 0.20%. In the previous quarter, the GDP deflator had dropped 0.20%.
Japanese tertiary industry index dropped more than expected in December
The tertiary industry index registered a drop of 0.40% in Japan on a MoM basis in December, compared to a revised advance of 0.30% in the previous month. Markets were anticipating the tertiary industry index to drop 0.20%.
Japanese nominal GDP rose less than expected in 4Q 2016
In Japan, the flash nominal GDP rose 0.30% on a quarterly basis in 4Q 2016, less than market expectations for an advance of 0.50%. In the previous quarter, nominal GDP had risen 0.10%.
Japanese annualised GDP rose less than expected in 4Q 2016
In 4Q 2016, the preliminary annualised GDP recorded a rise of 1.00% in Japan on a quarterly basis, lower than market expectations for a rise of 1.10%. In the previous quarter, annualised GDP had climbed 1.30%.
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