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UK: Annual Industrial Production dips 1.7% in December

Year-over-year UK Industrial Production fell by 1.7% in December, following a 2.4% drop in November, National Statistics informed on Tuesday. This is a more positive result that the forecasted 2.1% decrease. UK Industrial Production rose by 1.1% between November 2012 and December 2012, in comparison with the 0.2% growth registered between October 2012 and November 2012 and above expectations of +0.9%.

On an annual basis UK Manufacturing Production fell by 1.5%, after decreasing 2.0% and above expectations of a 2.4% decline. Month-over-month Manufacturing Production rose 1.6%, following a 0.3% drop and exceeding market consensus of 0.8% growth.

Forex Flash: Australian employment data helped by part time work gains – Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that overnight data saw the release of Australian employment data that were helped by gains in part time work (keeping the unemployment rate at 5.4% despite a 9,800 fall in full-time jobs).
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Forex Flash: USD/JPY consolidates from overnight high – OCBC Bank

Having posted an overnight high at 94.06, USD/JPY consolidated overnight but may look to retest the highs notes Emmanuel Ng of OCBC Bank.
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