From the UK, yesterday, Industrial Production data was published. Total production is estimated to have increased by 0.3% between December 2015 and January 2016. Analysts were expecting 0.6% increase. There were increases in 3 of the 4 main sectors, with manufacturing (the largest component of production), having the largest positive contribution, increasing by 0.7%.The largest contribution to the increase in manufacturing, between December 2015 and January 2016, came from other manufacturing & repair, which increased by 4.8%. This industry includes the manufacture of furniture, other manufacturing & repair and installation of machinery & equipment.
From the UK tomorrow, CPI and PPI data are scheduled for a release. Analysts are predicting 1.8% increase in CPI and 4.9% fall in PPI Input. In the US session Unemployment Claims figures are scheduled for a release. Decline to 272,000 is forecasted.
Figures to watch:
CPI/PPI (Thursday 10:30)
Unemployment Claims (Thursday 14:30)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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