UK industrial production January 2018 1.3% vs 1.5% exp m/m

by | March 9th, 2018, 09:31:12 | Economic Data, UK

UK economics

January 2018 UK industrial and manufacturing production and construction output 9 March 2018

  • Prior -1.3%
  • 1.6% vs 1.9% exp y/y. Prior 0.0%
  • Manufacturing output 0.1% vs 0.2% exp m/m. Prior 0.3%
  • 2.7% vs 2.8% exp y/y. Prior 1.4%
  • Construction output -3.4% vs -1.0% exp m/m. Prior 1.6%
  • -3.9% vs -0.5% exp y/y. Prior -0.2%

Notes;

  • Total production output rose 1.4% 3M to Jan vs Jan 2017
  • Mining & quarrying largest contributor to manufacturing, up 23.5% as Forties fully back online
  • Manufacturing grows for 9th consecutive month; longest run since records began (1968)
  • Construction output fall of 3.4% for Jan is largest drop since Jun 2012 (-4.4%)
  • Construction output fell by 1% 3M/3M to Jan; a ninth consecutive month of falls

GBPUSD marginally lower on the data as the deficit isn’t as good as expected and IP comes in a touch softer. 1.3800 traded but we’re back to 1.3811.

 

Ryan Littlestone
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