November 2018 UK industrial and manufacturing production, GDP and trade balance data 11 January 2019

  • Industrial production -0.4% vs 0.2% exp m/m. Prior -0.6%
  • -1.5% vs -0.7% exp y/y. Prior -0.8%
  • Manufacturing production -0.3% vs 0.3% exp m/m. Prior -0.9%
  • -1.1% vs -0.7% exp y/y. Prior -1.0%
  • Construction output 0.6% vs 0.2% exp m/m. Prior -0.2%
  • 3.0% vs 2.5% exp y/y. Prior 3.8%

GDP

  • 0.2% vs 0.1% exp m/m. Prior 0.1%
  • 1.4% vs 1.3% exp y/y. Prior 1.5%
  • 0.3% vs 0.3% exp 3m/3m. Prior 0.4%
  • Services 0.3% vs 0.2% prior m/m
  • 1.9% vs 1.8% prior y/y

Trade balance

  • Visible trade -12.02bal bn vs -11.40bn exp. Prior -11.87bn
  • Non-EU bal -3.92bn vs -3.70bn exp. Prior -4.25bn
  • Trade bal -2.90bn vs -2.80bn exp. Prior -3.30bn

On the whole, better GDP, worse IP & MP. Beeter construction (it’s a volatile number) and worse trade balance, although and improvement in Non-EU bal. Overall, not much to trade on.

Ryan Littlestone

Ryan Littlestone

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

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Ryan Littlestone

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