Reuters reports eurozone fourth quarter GDP:
Growth surged to 0.9 percent in the single currency area in the final quarter of 2006, according to EU statistics office Eurostat...
The Mannheim-based ZEW economic research institute said on Tuesday its economic expectations indicator, based on a survey of 309 analysts and institutional investors, rose to +2.9 this month from -3.6 in January.
Industrial production in December was strong, growing 1.0 percent from November.
And news on the inflation front was also good, particularly in the UK. Reuters reported yesterday that UK consumer prices fell 0.8 percent in January, taking the annual rise to 2.7 percent from 3.0 percent in December. On Monday, Reuters had reported that manufacturers' input prices fell 2.0 percent in January.
On similar note, Japan's producer prices rose 2.2 percent in January from a year earlier, the slowest pace in more than a year, as oil costs fell.
On the other hand, China's producer price inflation accelerated to 3.3 percent in January from 3.1 percent in December.
Meanwhile, Reuters reports that the US trade deficit rose 5.3 percent to $61.2 billion in December percent as oil prices rebounded and Americans imported record amounts of consumer goods and autos.
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