UK Industrial Production down by 0.4%

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Thursday, Aug 06 2015

Total production output is estimated to have decreased by 0.4% in June 2015 compared with May 2015. 0.1% increase was predicted. There were decreases in 2 of the 4 main sectors, with the largest contribution coming from mining & quarrying, which decreased by 3.8%.

Manufacturing output increased by 0.2% in June 2015 compared with May 2015, in line with market forecasts. The largest contribution to the increase came from the manufacture of basic metals & metal products, which increased by 4.9%.

Total production output is estimated to have increased by 1.5% in June 2015 compared with June 2014. There were increases in 3 of its 4 main sectors, with the largest contribution coming from mining & quarrying, which increased by 6.3%.

Manufacturing output increased by 0.5% in June 2015 compared with June 2014. The largest contribution to the increase came from the manufacture of transport equipment, which increased by 7.2%.

Sterling is currently being traded below 1.56 area. Pair is likely to find support at 1.5550 handle and resistance above 1.5660 level. Later today, BoE interest rate decision and following Minutes are scheduled for a release.

More in this category: « German Factory Orders increased 2% Sterling sharply down after BoE Meeting Minutes »

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