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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing production rose more than expected in December
Manufacturing production in the UK climbed 1.40% on an annual basis in December, compared to a revised rise of 3.80% in the prior month. Markets were expecting manufacturing production to advance 1.20%.
UK trade deficit rose in December
Non-EU trade deficit in the UK expanded to £5.18 billion in December, compared to market expectations of a trade deficit of £4.05 billion. The UK had reported a revised trade deficit of £4.51 billion in the previous month.
UK total trade deficit expanded in December
The UK has reported total trade deficit of £4.90 billion in December, following a revised total trade deficit of £3.65 billion in the previous month. Markets were expecting a total trade deficit of £2.40 billion.
UK manufacturing production rose as expected in December
On a monthly basis, manufacturing production rose 0.30% in December, in the UK, meeting market expectations. Manufacturing production had risen by a revised 0.20% in the prior month.
UK industrial production remained flat in December
Industrial production remained unchanged on an annual basis in the UK, in December, less than market expectations for an advance of 0.30%. Industrial production had advanced by a revised 2.60% in the prior month.
UK construction output surprisingly advanced in December
On a MoM basis, in December, construction output recorded an unexpected rise of 1.60% in the UK, compared to a revised rise of 0.10% in the prior month. Market expectation was for construction output to fall 0.10%.
UK industrial production fell more than expected in December
Industrial production slid 1.30% on a MoM basis in the UK in December, higher than market expectations for a drop of 0.90%. In the previous month, industrial production had climbed by a revised 0.30%.
UK construction output dropped less than expected in December
On an annual basis, construction output fell 0.20% in December, in the UK, lower than market expectations for a drop of 1.90%. Construction output had registered a revised rise of 0.80% in the previous month.
UK visible trade deficit expanded in December
Visible trade deficit in the UK rose to £13.58 billion in December, more than market expectations of a visible trade deficit of £11.55 billion. The UK had posted a revised visible trade deficit of £12.46 billion in the prior month.
UK NIESR estimated GDP advanced as expected in the November-January 2018 period
NIESR estimated gross domestic product (GDP) advanced 0.50% in the UK on a monthly basis in the November-January 2018 period, compared to a rise of 0.60% in the October-December 2017 period. Markets were anticipating NIESR estimated GDP to climb 0.50%.
French manufacturing production surprisingly rose in December
In France, manufacturing production unexpectedly rose 0.30% on a MoM basis in December, compared to market expectations for a fall of 0.50%. In the prior month, manufacturing production had dropped by a revised 0.80%.
French industrial production advanced more than expected in December
On a MoM basis, industrial production advanced 0.50% in December, in France, more than market expectations for a rise of 0.10%. In the previous month, industrial production had fallen by a revised 0.30%.
Italian industrial production dropped in December
On a YoY basis, the non-seasonally adjusted industrial production slid 1.30% in Italy, in December. In the prior month, industrial production had climbed by a revised 2.30%.
Italian industrial production advanced more than expected in December
On a MoM basis, the seasonally adjusted industrial production registered a rise of 1.60% in December, in Italy, compared to a revised advance of 0.20% in the prior month. Market expectation was for industrial production to climb 0.80%.
Italian industrial production rose more than expected in December
The working day adjusted industrial production in Italy recorded a rise of 4.90% in December on a YoY basis, compared to a revised advance of 2.30% in the prior month. Markets were anticipating industrial production to advance 1.90%.
Swiss unemployment rate remained steady in January
The non-seasonally adjusted unemployment rate remained flat at a level of 3.30% in January, in Switzerland. Market expectation was for unemployment rate to climb to 3.40%.
Swiss unemployment rate remained unchanged in January
In Switzerland, the seasonally adjusted unemployment rate remained steady at a level of 3.00% in January, in line with market expectations.
US wholesale inventories rose more than expected in December
On a monthly basis, in December, the seasonally adjusted final wholesale inventories advanced 0.40% in the US, compared to a rise of 0.80% in the prior month. Market expectation was for the wholesale inventories to advance 0.20%. The preliminary figures had indicated an advance of 0.20%.
Canadian participation rate declined in January
The participation rate registered a drop to 65.50% in January, in Canada, compared to a reading of 65.80% in the prior month.
Canadian unemployment rate climbed in January
Compared to a reading of 5.70% in the previous month the unemployment rate rose to a level of 5.90% in January, in Canada. Market anticipation was for the unemployment rate to climb to 5.80%.
Number of full time employment in Canada rose in January
The number of full time employment in Canada recorded an increase of 49.00 K in January. The number of full time employment had registered an increase of 23.70 K in the prior month.
Part time employment in Canada dropped in January
Part time employment registered a drop of 137.00 K in Canada, in January. Part time employment had recorded an increase of 54.90 K in the prior month.
Net number of people employed in Canada unexpectedly dropped in January
The net number of people employed in Canada fell unexpectedly by 88.00 K in January, compared to market expectations of an advance of 10.00 K. The net number of people employed had recorded an increase of 78.60 K in the prior month.
Japanese tertiary industry index unexpectedly slid in December
The tertiary industry index registered an unexpected drop of 0.20% on a monthly basis in December, in Japan, compared to market expectations for a rise of 0.20%. In the previous month, the tertiary industry index had risen 1.10%
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