UK exports boomed in July and trade deficit fell to its lowest level since April 2011 [Video]
|We start this report with two releases from the UK. First up at 8-30am is the UK Trade Balance for August. UK exports boomed in July and trade deficit fell to its lowest level since April 2011. Then, also at 8-30AM we have the UK Gross Domestic Product report for August. The UK economy on a whole bounced back in July expanding by 0.3%. We then head over the Atlantic for US Producer Price Index for September, which comes at 12-30AM GMT. An unexpected 0.1% drop last month was the first recorded drop in 1 and a half years. Then to Canada at the same time for Canadian Building Permits for August. Last months report showed a 0.1% drop, due mainly to lower construction intentions in British Columbia. We finish this report with Australian Inflationary Expectations Survey for October and that arrives at 12PM. Last time out expectations remained well below the eight year average of 5%.
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