On Friday, from the UK, Industrial Production figures were released. Total production output is estimated to have decreased by 0.5% in February 2016 compared with the same month a year ago, the largest fall since August 2013. The largest contribution to the fall came from manufacturing, which decreased by 1.8%. This was the largest fall since July 2013, when it fell by an equal amount. There were decreases in 10 of the 13 manufacturing sub-sectors, with the largest contribution coming from the manufacture of machinery & equipment not elsewhere classified, which decreased by 10.6% and contributed a downward 0.5 percentage points to total production.
Total production output is estimated to have decreased by 0.3% between January 2016 and February 2016. Analysts were predicting 0.1% increase. There were decreases in 2 of the 4 main sectors, with manufacturing (the largest component of production) having the largest contribution to the decrease, falling by 1.1%. Manufacturing output decreased in 11 of the 13 manufacturing sub-sectors, with the largest contribution coming from the manufacture of transport equipment, which decreased by 2.9%.
There will be no major data releases both from the UK and the USA on Monday , so we can expect a bit steadier session.
Last modified on Friday, 08 April 2016
