Recent economic data reveals a mixed picture of global economic health. In the UK, the Consumer Price Index (CPI) fell by 0.6% month-on-month, surpassing forecasts of a 0.3% decline and contrasting with the previous month's 0.4% increase. UK's GDP for the quarter declined by 0.3%, against a forecast of a 0.1% decline, indicating a weakening economy. Meanwhile, construction output decreased by 0.5% month-on-month, and manufacturing production saw an unexpected rise of 0.8%. On a year-on-year basis, UK's GDP remained stagnant at 0.0%, with industrial production up by 0.6%. In contrast, the Eurozone showed signs of resilience, with industrial production increasing by 2.6% month-on-month, significantly beating the forecasted 0.2% decline. Japan's economy, however, contracted by 0.1% quarter-on-quarter in Q4, entering a recession, with its GDP on an annualized basis falling by 0.4%. Japan's GDP price index rose by 3.8% year-on-year, indicating inflationary pressures.
β οΈBREAKING: *JAPAN Q4 GDP FALLS -0.1% Q/Q; EST. +0.2%; PREV. -0.8% *JAPAN'S ECONOMY FALLS IN TO RECESSION π―π΅π―π΅ https://t.co/77RsEBmJtj
UK MANUFACTURING PRODUCTION YOY ACTUAL 2.3% (FORECAST -, PREVIOUS 1.3%)
UK INDUSTRIAL PRODUCTION YOY ACTUAL 0.6% (FORECAST -0.4%, PREVIOUS -0.1%)
UK INDUSTRIAL PRODUCTION MOM ACTUAL 0.6% (FORECAST -0.1%, PREVIOUS 0.3%)
UK CONSTRUCTION OUTPUT MOM ACTUAL -0.5% (FORECAST -0.1%, PREVIOUS -0.2%)
UK SERVICES MOM ACTUAL -0.1% (FORECAST -0.2%, PREVIOUS 0.4%)
UK GDP ESTIMATE YOY ACTUAL 0.0% (FORECAST 0.3%, PREVIOUS 0.2%)
UK GDP ESTIMATE 3M/3M ACTUAL -0.3% (FORECAST -0.1%, PREVIOUS -0.2%)
UK MANUFACTURING PRODUCTION MOM ACTUAL 0.8% (FORECAST -0.1%, PREVIOUS 0.4%)
UK GDP ESTIMATE MOM ACTUAL -0.1% (FORECAST -0.2%, PREVIOUS 0.3%)
UK GDP YOY PRELIM ACTUAL -0.2% (FORECAST 0.1%, PREVIOUS 0.3%)
UK GDP QOQ PRELIM ACTUAL -0.3% (FORECAST -0.1%, PREVIOUS -0.1%)
π¬π§ United Kingdom Construction Output (MoM) (Dec) $GBP Actual: -0.5% π΄ Expected: -0.1% Previous: -0.7%
π¬π§ GDP MoM (Dec) Actual: -0.1% Expected: -0.2% Previous: 0.2% https://t.co/TgobMlScs8
π¬π§ United Kingdom GDP (QoQ) (Q4) $GBP Actual: -0.3% π΄ Expected: -0.1% Previous: -0.1%
π¬π§ GDP 3-Month Avg (Dec) Actual: -0.3% Expected: -0.1% Previous: -0.2% https://t.co/TgobMlScs8
π¬π§ United Kingdom U.K. Construction Output (YoY) (Dec) $GBP Actual: -3.2% π΄ Expected: -1.4% Previous: -0.7%
π¬π§ Construction Output YoY (Dec) Actual: -3.2% Expected: -1.4% Previous: -0.7% https://t.co/TgobMlScs8
π¬π§ United Kingdom Business Investment (QoQ) (Q4) $GBP Actual: 1.5% π’ Expected: -0.1% Previous: -2.8%
π΄ UK CONSTRUCTION OUTPUT MOM ACTUAL -0.5% (FORECAST -0.1%, PREVIOUS -0.2%) $MACRO
Heads Up:π¬π§ GDP 3-Month Avg (Dec) due at 07:00 GMT (15min) Expected: -0.1% Previous: -0.2% https://t.co/TgobMlScs8
Heads Up:π¬π§ GDP MoM (Dec) due at 07:00 GMT (15min) Expected: -0.2% Previous: 0.3% https://t.co/TgobMlScs8
Heads Up:π¬π§ Construction Output YoY (Dec) due at 07:00 GMT (15min) Expected: -1.4% Previous: 0.9% https://t.co/TgobMlScs8
π―π΅ Japan GDP Price Index (YoY) (Q4) $JPY Actual: 3.8% π΄ Expected: 4.0% Previous: 5.3%
π―π΅ Japan GDP (QoQ) (Q4) $JPY Actual: -0.1% π΄ Expected: 0.2% Previous: -0.8%
π―π΅ Japan GDP External Demand (QoQ) (Q4) $JPY Actual: 0.2% π΄ Expected: 0.3% Previous: -0.1%
π―π΅ Japan GDP Capital Expenditure (QoQ) (Q4) $JPY Actual: -0.1% π΄ Expected: 0.3% Previous: -0.6%
π―π΅ Japan GDP Private Consumption (QoQ) (Q4) $JPY Actual: -0.2% π΄ Expected: 0.1% Previous: -0.3%
*JAPAN 4Q GDP -0.4% ON ANNUALIZED BASIS; EST. 1.1%
π @C_Barraud nailed it. πͺπΊ Europe Industrial Production (MoM) (Dec) $EUR Actual: 2.6% π’ Expected: -0.2% Previous: 0.4% https://t.co/ckAFEMuUaj
πͺπΊ Europe GDP (QoQ) $EUR Actual: 0.0% Expected: 0.0% Previous: -0.1%
πͺπΊ Europe Industrial Production (MoM) (Dec) $EUR Actual: 2.6% π’ Expected: -0.2% Previous: 0.4%
πͺπΊ Europe GDP (YoY) (Q4) $EUR Actual: 0.1% Expected: 0.1% Previous: 0.0%
π΄ EUROZONE INDUSTRIAL PRODUCTION MOM ACTUAL 2.6% (FORECAST -0.2%, PREVIOUS -0.3%) $MACRO
π΄ UK CPI MOM ACTUAL -0.6% (FORECAST -0.3%, PREVIOUS 0.4%) $MACRO