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UK Manufacuring output (09:30 GMT) The UK manufacturing sector is expected to show little sign of progress when the UK Office for National Statistics releases its data for September. Manufacturing output in the UK is ...
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As the countdown to the US election result begins, we take a look at the key battleground state of Ohio, in addition to UK manufacturing output and Eurozone PPI.
US elections (late night European time) Last year, the elections were decided by 9:20 EST (about 2:20 GMT) when Obama claimed victory over McCain in Obama's home state of Illinois, plus Ohio and Pennsylvania. No Republican president has ever won the US elections without taking Ohio, and I expect this to be the case again today. Romney has the edge in Florida, according to latest polls, but if he fails to win Ohio, the Republicans will need to win a several swing states to have any chance of snatching victory. This interactive chart from the NY Times, and shared by John Hardy, runs through the possible outcomes.
UK Manufacuring output (09:30 GMT) The UK manufacturing sector is expected to show little sign of progress when the UK Office for National Statistics releases its data for September. Manufacturing output in the UK is forecast to grow by 0.3 percent on a month-on-month basis, but likely contract by 0.9 percent on a year-on-year basis, according to analysts' estimates. The Manufacturing PMI fell to 47.5 from a downwardly revised 48.1 in September, moving further below the 50 mark which separates growth from contraction.
Eurozone PPI (10:00 GMT) The Producer Price Index in the Eurozone is expected to show a slight deceleration in the cost of production for manufacturers in September. The index is forecast to grow by just 0.3 percent to 2.7 percent for the month. Input costs for the region were up 0.9% in August, the most in 6 months after higher than expected energy prices in August. However, excluding energy costs, PPI was only up 0.3% for the month.
3 Numbers to Watch is published Monday-Friday on TradingFloor.com. You can choose to be notified whenever a new piece is ready if you become a TradingFloor member - it's free, and you can sign in with Twitter, Facebook, Google or LinkedIn. You can also follow all the news from our macro team on our Macro Page.
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As the countdown to the US election result begins, we take a look at the key battleground state of Ohio, in addition to UK manufacturing output and Eurozone PPI.
US elections (late night European time) Last year, the elections were decided by 9:20 EST (about 2:20 GMT) when Obama claimed victory over McCain in Obama's home state of Illinois, plus Ohio and Pennsylvania. No Republican president has ever won the US elections without taking Ohio, and I expect this to be the case again today. Romney has the edge in Florida, according to latest polls, but if he fails to win Ohio, the Republicans will need to win a several swing states to have any chance of snatching victory. This interactive chart from the NY Times, and shared by John Hardy, runs through the possible outcomes.
UK Manufacuring output (09:30 GMT) The UK manufacturing sector is expected to show little sign of progress when the UK Office for National Statistics releases its data for September. Manufacturing output in the UK is forecast to grow by 0.3 percent on a month-on-month basis, but likely contract by 0.9 percent on a year-on-year basis, according to analysts' estimates. The Manufacturing PMI fell to 47.5 from a downwardly revised 48.1 in September, moving further below the 50 mark which separates growth from contraction.
Eurozone PPI (10:00 GMT) The Producer Price Index in the Eurozone is expected to show a slight deceleration in the cost of production for manufacturers in September. The index is forecast to grow by just 0.3 percent to 2.7 percent for the month. Input costs for the region were up 0.9% in August, the most in 6 months after higher than expected energy prices in August. However, excluding energy costs, PPI was only up 0.3% for the month.
3 Numbers to Watch is published Monday-Friday on TradingFloor.com. You can choose to be notified whenever a new piece is ready if you become a TradingFloor member - it's free, and you can sign in with Twitter, Facebook, Google or LinkedIn. You can also follow all the news from our macro team on our Macro Page.
Related articles3 Numbers to Watch: UK Construction PMI, EZ PPI & US Auto Sales3 Numbers to Watch: UK PMI Services, EZ Sentix & US Non-Manu ISMTradingFloor.com highlights: FTSE 100 climbs on Lloyds & BT gainsWeekly Outlook: If China has bottomed then UK stocks could gain3 Numbers to Watch:
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