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China's GDP grew by 6.8% in Q4

China’s economy grew faster than expected in the fourth quarter of 2017, as an export recovery helped the country post its first annual acceleration in growth in seven years, defying concerns that intensifying curbs on industry and credit would hurt expansion. The official growth figures released on Thursday are welcome news for Beijing policymakers who are looking to cut debt and pollution in older industries without stunting growth in the world’s second-largest economy.

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US Industrial Production increased more than expected

U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating, but manufacturing output barely rose, pointing to moderate growth in the industrial sector. Strong demand for utilities reported by the Federal Reserve on Wednesday bolstered expectations of an acceleration in consumer spending in the fourth quarter, prompting some economists to bump up their economic growth estimates for the October-December period.

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Eurozone Industrial Production increased by 1.0%

In November 2017 compared with October 2017, seasonally adjusted industrial production rose by 1.0% in the euro area (EA19) and by 0.9% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October 2017, industrial production rose by 0.4% in the euro area and by 0.5% in the EU28. In November 2017 compared with November 2016, industrial production increased by 3.2% in the euro area and by 3.5% in the EU28.

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UK Industrial Production up by 0.4%

In the three months to November 2017, the Index of Production was estimated to have increased by 1.2% compared with the three months to August 2017, due mainly to a rise of 1.4% in manufacturing. There was strong broad-based growth across manufacturing in the three months to November 2017; the largest contribution came from machinery and equipment not elsewhere classified, which included renewable energy equipment, with an increase of 5.6%.

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