U.K. manufacturing contracts more than expected

Note: This section contains information in English only.
Source: Bloomberg
U.K. manufacturing shrank more than expected in October after food and alcohol declined showing a slowdown in the economic growth pace at the beginning of the fourth quarter. Factory output fell the most in four months, 1.3% lower compared to September. Ten out of thirteen categories slumped in October. The Europe's debt crisis has weakened the U.K.'s largest export market.
"The data were "shockingly bad." While some of the decline may be due to "erratic" factors, such as an unwinding of food and alcohol sales after the London Olympics, this is still very bad news at the start of the fourth quarter," said David Tinsley, an economist at BNP Paribas SA in London.


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Mon, 10 Dec 2012 07:04:48 GMT

Aussie falls from 2-month high amid disappointing China's trade data

The Australian Dollar dropped from near the two-month high as China's imports and exports data trailed economists' projections, clouding the South Pacific country's trade outlook. The Aussie Dollar fell to $1.0476 at 5:02 p.m. in Sydney, down 0.1% from December 7, when the currency capped a 0.6% weekly advance. The Aussie gained to 81.48 euro cents, the highest since November

Fri, 07 Dec 2012 18:56:40 GMT

Nikkei 225

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