The headline rate of inflation for goods leaving the factory gate (output prices) rose 3.3% on the year to September 2017, from 3.4% in August 2017. Prices for materials and fuels (input prices) rose 8.4% on the year to September 2017, which is unchanged from August 2017. Upward contributions from energy were offset by downward contributions from other industries, resulting in little change in the annual rates for both input and output prices. Core output inflation was 2.5% on the year to September 2017, which is unchanged since July 2017.
In the U.S. session Industrial Production data was published. U.S. industrial output rose in September as the effects of Hurricanes Harvey and Irma began to fade and construction and utilities production bounced back, the Federal Reserve said on Tuesday. Overall industrial production increased 0.3 percent in September after an upwardly revised 0.7 percent decline in August.
Focus of tomorrow's session will be on UK job figures. Number of unemployed should rise by 1,300, while Unemployment Rate should remain unchanged at 4.3%. In the US session Building Permits and Housing Starts figures will be published. Analysts predict slight increase in building permits, while housing starts should remain unchanged.
Figures to watch:
Claimant Count Change/Unemployment Claims (Wednesday 10:30)
Building Permits/Housing Starts (Wednesday 14:30)
