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U.S. Industrial production continues weakening in December
FXstreet.com (Barcelona) The economic slowdown has translated into a continuous decline in U.S. Industrial production, which, in December has posted the fourth decline in the last five moths, according to data released by the Federal Reserve.

Industrial production has declined 2.0% in December, a widely weaker reading than the -0.8% forecasted by market analysts. November s industrial output has been downwardly revised to a 1.5% decline from the 0.6% fall previously released.

Compared to December 2007, industrial production has fallen 7.8%, with manufacturing production 2.3% down, and the output of mines 1.6% lower.

Capacity utilization has declined to 73.6% in December, from revised 75.2 in November, the current capacity utilization level remains 7.4% below the average level from 1972 to 2007.

FXstreet.com

US Market and Commodities Wrap-up
US Markets began the session up over 100 points before beginning an afternoon slide at noon that continues to keep momentum stalled. Investors initially…
strategist@dailyfx.com (Roman Kadinsky, DailyFX Research)

Swiss retail sales slow down in December
FXstreet.com (Barcelona) Retail sales have slowed down in Switzerland in December, driven mainly by lower sales of clothing and accessories, according to provisional estimations by the Swiss Office of Statistics.

Sales have posted a 1.4% decline in real terms in December, the first decline since July, while year on year, retail sales have posted a 2.8% increase. In nominal terms, adjusted by working days, retail sales have increased 3.4% month on month, and 4.3% year on year.

Food, drinks and tobacco sales have posted higher sales in December, adjusted for working days, while sales of personal care items as well as clothing and shoes fell.

FXstreet.com

Australian Inflation Slows to 2.2%, Says TD Securities
Australia s annual inflation rate slowed to 2.2% according to TD Securities recent estimate for December. November saw prices rise by 3.0% annually. At…
strategist@dailyfx.com (Luis Gil, DailyFX Research)

Canadian sold Foreign Securities by $2.613B in Nov
FXstreet.com (Barcelona) For more information, read our latest forex news.
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