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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German imports advanced more than expected in December
The seasonally adjusted imports in Germany recorded a rise of 1.20% on a monthly basis, in December, compared to a fall of 1.60% in the prior month. Market expectation was for imports to climb 0.50%.
German exports rose more than expected in December
The seasonally adjusted exports in Germany climbed 1.50% on a MoM basis, in December, more than market expectations for a rise of 0.40%. In the prior month, exports had registered a drop of 0.40%.
Italian industrial production surprisingly fell in December
In Italy, the seasonally adjusted industrial production recorded an unexpected drop of 0.80% on a monthly basis, in December, lower than market expectations for a rise of 0.40%. Industrial production had fallen by a revised 1.70% in the prior month.
Swiss unemployment rate unchanged in January
The seasonally adjusted unemployment rate in Switzerland remained steady at 2.40% in January, in line with market expectations.
Canadian unemployment rate rose in January
The unemployment rate in Canada registered a rise to 5.80% in January, compared to market expectations of an advance to 5.70%. In the prior month, the unemployment rate stood at 5.60%.
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