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UK Industrial Production fell by 0.2%

Friday, Nov 06 2015
Total production output is estimated to have increased by 0.2% between Quarter 2  2015 and Quarter 3 2015. Manufacturing, the largest component of production, is estimated to have decreased by 0.4% between these periods. However, when comparing September 2015 with August 2015, manufacturing is estimated to have increased by 0.8%, the largest monthly rise since April 2014. This followed a slightly smaller increase of 0.4% in August 2015 and a decrease of 0.7% in July 2015. Industrial production in total fell by 0.2%. 
 
The UK’s deficit on trade in goods and services was estimated to have been £1.4 billion in September 2015, a narrowing of £1.6 billion from August 2015. The narrowing is attributed to trade in goods, where the deficit decreased from £10.8 billion in August 2015 to £9.4 billion in September 2015. Analysts were predicting deficit of £10.7 billion. Exports of goods increased by £0.6 billion to £24.0 billion in September 2015, this was attributed to an increase in chemicals of £0.6 billion. Imports of goods decreased by £0.9 billion to £33.3 billion over the same period, this was attributed to a decrease in unspecified goods of £1.0 billion.
 
Sterling is currently being traded around 1.5160 area. Pair is likely to find support around 1.51 handle and resistance above 1.5230 level. Later today, in the US session, NFP figures are scheduled for a release.
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