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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK industrial production advanced less than expected in December
In the UK, industrial production climbed 0.10% on a MoM basis in December, compared to a revised drop of 1.10% in the prior month. Markets were anticipating industrial production to climb 0.30%.
UK trade surplus expanded in December
In the UK, non-EU trade surplus expanded to a level of £6.72 billion in December, following a revised trade surplus of £2.36 billion in the prior month. Market expectation was for the country’s trade deficit to stand at £2.58 billion.
UK GDP remained unchanged in 4Q 2019
In the UK, the flash gross domestic product (GDP) remained flat on a QoQ basis in 4Q 2019. In the prior quarter, GDP had registered a rise of 0.40%.
UK manufacturing production surprisingly advanced in December
In the UK, manufacturing production registered an unexpected rise of 0.30% on a MoM basis in December, compared to a revised fall of 1.60% in the previous month. Market anticipation was for manufacturing production to fall 0.10%.
US JOLTs job openings surprisingly dropped in December
In the US, JOLTs job openings dropped unexpectedly to a level of 6423.00 K in December, compared to market expectations of an advance to a level of 7222.00 K. JOLTs job openings had recorded to a revised reading of 6787.00 K in the previous month.
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