Friday’s top economic news includes the UK’s quarterly national accounts and Russia’s monetary policy decisions.
At 2.00 AM ET, the Office for National Statistics will release UK’s quarterly National Accounts, Industrial Production, and Foreign Trade figures. After shrinking 0.3 percentage in the third quarter, the economy will be expected to stay flat sequentially in fourth quarter.
The UK’s trade deficit visible has risen to GBP 16.4 trillion, from GBP 15.6 milliards in November. Both industrial and manufacturing output are expected to drop by 0.2 percent in December, according to economists.
Statistics Norway publishes January’s consumer and producer prices. From 5.9 percent in December, consumer price inflation is expected rise to 6.5%.
The Czech Statistical Office will publish January’s consumer prices at 3.00 am ET. From 15.8 percent in December, inflation is now 17.3 percent.
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Italy’s industrial production data will be available at 4.00 AM ET. Economists predict that December’s production will fall by 0.1 percent, which is slower than November’s 0.3 percent decline.
At 5.00 AM ET, Greece’s industrial production statistics are due…