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UK Trade Balance deficit widen to £11.8 billion

The UK’s deficit on trade in goods and services was estimated to have been £4.1 billion in October 2015, a widening of £3.1 billion from September 2015. The widening is attributed to trade in goods where the deficit has widened from £8.8 billion in September 2015, to £11.8 billion in October 2015. Smaller deficit of £9.8 billion was expected.

China's exports slowed for a fifth month

Data on Tuesday showed China’s exports fell for a fifth month and a slump in imports extended to a record 13 months, clouding prospects for global growth. Trade Balance surplus amounted 343 billion yuan, missing forecasts on surplus of 400 billion yuan. Exports fell 3.7% y/y, also missing expectations on 2.9% decrease. On the other hand, imports fell 5.6%, beating predictions on decline by 11.3%.
 
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Australian Trade Balance deficit rose to $3.3 billion

In trend terms, the balance on goods and services was a deficit of $2,684m in October 2015, a decrease of $106m (4%) on the deficit in September 2015. In seasonally adjusted terms, the balance on goods and services was a deficit of $3,305m in October 2015, an increase of $902m (38%) on the deficit in September 2015. Smaller increase to $2,600m was expected. Read more...

UK Industrial Production fell by 0.2%

Total production output is estimated to have increased by 0.2% between Quarter 2  2015 and Quarter 3 2015. Manufacturing, the largest component of production, is estimated to have decreased by 0.4% between these periods. However, when comparing September 2015 with August 2015, manufacturing is estimated to have increased by 0.8%, the largest monthly rise since April 2014. This followed a slightly smaller increase of 0.4% in August 2015 and a decrease of 0.7% in July 2015. Industrial production in total fell by 0.2%.  Read more...

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