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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing production unexpectedly fell in October
On a monthly basis, manufacturing production in the UK unexpectedly fell 0.90% in October, compared to an advance of 0.20% in the prior month. Markets were anticipating manufacturing production to remain unchanged.
UK total trade deficit rose in October
The UK has registered total trade deficit of £3.30 billion in October, from a total trade deficit of £0.03 billion in the prior month. Markets were anticipating a total trade deficit of £1.27 billion.
UK industrial production unexpectedly slid in October
On a monthly basis, industrial production in the UK unexpectedly fell 0.60% in October, compared to an unchanged reading in the previous month. Market anticipation was for industrial production to advance 0.10%.
UK visible trade deficit expanded in October
Visible trade deficit in the UK widened to £11.87 billion in October, more than market expectations of a visible trade deficit of £10.50 billion. The UK had posted a revised visible trade deficit of £10.68 billion in the previous month.
German trade surplus narrowed marginally in October
Germany has posted a seasonally adjusted trade surplus of €18.30 billion in October, compared to a trade surplus of €18.40 billion in the prior month. Market expectation was for a trade surplus of €17.10 billion.
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