September 2017 UK industrial production, construction output and trade balance reports 10 November 2017

  • Prior 0.2%
  • 2.5% vs 1.9% exp y/y. Prior 1.6%
  • Q3 1.1% vs 1.0% q/q in 1st GDP estimate 
  • Manufacturing production 0.7% vs 0.3% exp m/m. Prior 0.4%
  • 2.7% vs 2.4% exp y/y. Prior 2.8%
  • Q3 1.1% vs 1.0% q/q in 1st GDP estimate
 Construction output data;
  • -1.6% vs -0.3% exp m/m. Prior 0.6%
  • 1.1% vs 2.2% exp y/y. Prior 3.5%
  • Q3 -0.9% vs -0.7% q/q in 1st GDP estimate

Trade balance;

  • Visible trade bal -11.25bn vs -12.80bn exp. Prior -14.25bn
  • Trade bal non-EU -2.98bn vs -5.00bn exp. Prior -5.84bn
From the ONS via Livesquawk;
  • Strong Manufacturing growth seen in Auto and Medical equipment sectors
  • Underlying production 3M-to Sep grew 1.1% vs Jun
  • In 3M-to-Sep vs Jun, total UK Trade deficit widened by 3.0B to 9.5B
  • Imports of goods from both EU and non-EU countries increased
  • Exports to EU countries rose 0.9B, while exports to non-EU countries fell by 1.7B
  • In Sep, underlying Construction output trend (3M/3M) fell 0.9%
  • None of today’s figures or revisions materially alter Q3 2017 growth
Barring the volatile construction data they’re better numbers all round. GBPUSD jumped to 1.3166 but is back at 1.3156.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

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