UK GDP Monday [Video]
|Economic Calendar is relatively light on this Tuesday, but some important updates regarding the UK economy will be available. The publication of the Swiss Consumer Price Index for January opens this agenda at 7:30 in the morning. Prices declined by point 3 percent month on month in December, but they were point 7 percent up from a year ago level. Then it will by busy with reports regarding the UK economy at 9:30 in the morning, including the high importance first estimate of the GDP for the fourth quarter. The economy expanded at a quarterly pace of point 6 percent in the September quarter, which was the strongest growth in nearly two years. A couple more reports for December regarding the UK economy will be available at the same time and these are Indexes of Production and Trade Balance. Then the Australian NAB Business Survey for January follows at a half past midnight. According to the National Australia Bank, the business confidence index was unchanged at a below average level of plus 3 index points in December. Japanese Tertiary Industry Index for December wraps up this agenda at 4:30 in the morning. The Index slipped by point 3 percent in November after jumping by an upwardly revised 2.2 percent in October.
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