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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK goods trade deficit unexpectedly narrowed in October
In the UK, goods trade deficit unexpectedly narrowed to £14.48 billion in October, compared to a revised deficit of £15.66 billion in the prior month. Markets were expecting deficit to widen to £20.89 billion.
UK industrial production recorded a flat reading in October
In the UK, industrial production recorded a flat reading on a MoM basis in October, compared to rise of 0.20% in the previous month. Markets were anticipating industrial production to fall 0.30%.
UK manufacturing production unexpectedly rose in October
In the UK, manufacturing production unexpectedly rose 0.70% on a MoM basis in October, compared to a flat reading in the prior month. Market expectations were for manufacturing production to fall of 0.10%.
US monthly budget deficit widened in November
In the US, monthly budget statement deficit widened to $249.00 billion in November, compared to a deficit of $88.00 billion in the previous month.
Australia National Australia Bank’s business conditions index advanced as expected in November
In Australia, the National Australia Bank’s business conditions climbed to 20.00 in November, at par with market expectations and compared to a reading of 22.00 in the prior month.
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