The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK visible trade deficit expanded in November
The UK posted visible trade deficit of £12.02 billion in November, from a revised visible trade deficit of £11.95 billion in the prior month. Markets were expecting a visible trade deficit of £11.40 billion.
UK total trade deficit narrowed in November
Total trade deficit in the UK narrowed to £2.90 billion in November, from a revised total trade deficit of £3.04 billion in the previous month. Market expectation was for the nation’s total trade deficit to drop to £2.80 billion.
UK industrial production surprisingly eased in November
Industrial production in the UK unexpectedly dropped by 0.40% on a MoM basis, in November, compared to a revised drop of 0.50% in the previous month. Markets were anticipating industrial production to climb 0.20%.
UK manufacturing production dropped more than expected in November
In the UK, manufacturing production eased 1.10% on an annual basis, in November, higher than market expectations for a fall of 0.70%. Manufacturing production had dropped by a revised 0.70% in the prior month.
US CPI fell as expected in December
The consumer price index (CPI) in the US dropped 0.10% on a monthly basis, in December, compared to a flat reading in the prior month. Market anticipation was for the CPI to fall 0.10%.
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