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UK Industrial Production unexpectedly decreased in July

Wednesday, Sep 09 2015
Total production output is estimated to have decreased by 0.4% in July 2015 compared with June 2015. Analysts were anticipating 0.3% increase. Manufacturing fell by 0.8% and was the only main sector to have decreased, also missing forecasts. This was the largest fall since May 2014.
 
The main manufacturing components contributing to the decrease between June 2015 and July 2015 were the manufacture of basic metals & metal products; the manufacture of transport equipment; and other manufacturing & repair.
 
After the data Sterling sharply fell and is currently being traded 1.5350 area. Pair is likely to find support around 1.53 handle and resistance above 1.54 level. Later today, in the US session, JOLTS Job Openings figures are scheduled for a release.
 
More in this category: « Australian consumer confidence fell sharply in September UK's Trade Balance deficit widen in July »

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