The annual pace of growth was actually the slowest for three years but it still means the UK economy is one of the fastest growing developed nations. The slowdown, caused by weaker construction and production output, has prompted concerns over the UK’s over reliance on the services sector which grew by 0.7%.
New orders for long-lasting U.S. manufactured goods tumbled in December as lower oil prices and softer global demand put more pressure on factories, the latest sign that economic growth weakened significantly at the end of 2015.
10.00 – EUR flash estimate CPI YoY expected at 0.4% against a previous of 0.2%
13.30 – USD advanced GDP QoQ expected lower at 0.8% against previous of 2.0%