020 7898 0500Industrial production came in better than expected on Friday as it hit 3.4% on an annual basis (against an expectation of 3%), which was the biggest annual gain for three years. On a monthly basis, they came in 0.1% below expectations but manufacturing production did grow for the third consecutive month in a sign that the US economy is recovering.
As with the UK, it is a quiet start, but on Wednesday we will see existing home sales for November and then the GDP growth rate on Thursday. The week ends rather busily, as we will see durable goods orders for November, personal income and spending, and new home sales.
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