Guardian Stockbrokers Key Economic News Tuesday 12 February 2019

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK total trade deficit falls in December

The UK has posted total trade deficit of £3.23 billion in December, compared to a revised deficit of £3.61 billion in the prior month. Markets were anticipating a deficit of £3.00 billion.

UK GDP rose less than expected in 4Q 2018

In the UK, the preliminary gross domestic product (GDP) advanced 0.20% on a QoQ basis, in 4Q 2018, less than market expectations for an advance of 0.30%. GDP had registered a rise of 0.60% in the previous quarter.

UK construction output unexpectedly dropped in December

In the UK, construction output registered an unexpected drop of 2.80% on a monthly basis, in December, less than market expectations for an advance of 0.10%. Construction output had recorded a revised rise of 0.10% in the previous month.

UK industrial production surprisingly dropped in December

On a MoM basis, industrial production in the UK recorded an unexpected drop of 0.50% in December, lower than market expectations for an advance of 0.10%. Industrial production had fallen by a revised 0.30% in the previous month.

UK manufacturing production surprisingly eased in December

Manufacturing production in the UK recorded an unexpected drop of 0.70%, on a monthly basis, in December, less than market expectations for a rise of 0.20%. In the previous month, manufacturing production had fallen by a revised 0.10%.

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