UK Industrial Production increased by 0.1%

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Tuesday, Dec 08 2015

Total production output is estimated to have increased by 1.7% in October 2015 compared with October 2014. There were increases in 3 of the 4 main sectors, with mining & quarrying output being the largest contributor, increasing by 8.5%. Manufacturing output decreased by 0.1% in October 2015 compared with October 2014. The largest contribution to the decrease came from the manufacture of machinery & equipment not elsewhere classified, which decreased by 15.3%.

Total production output in October 2015 is estimated to have increased by 0.1% compared with September 2015. No change was expected. There were increases in 3 of the 4 main sectors, with the largest positive contribution coming from the water supply, sewerage & waste management output, which increased by 1.7%. Manufacturing output decreased by 0.4% in October 2015 compared with September 2015. The largest contribution to the decrease came from other manufacturing & repair, which decreased by 5.4%.

Sterling is currently being traded around 1.5020 area. Pair is likely to find support around 1.50 handle and resistance above 1.5080 level. There will be no major data releases in the rest of the session.

More in this category: « China's exports slowed for a fifth month Eurozone GDP rose by 0.3% Q3 »

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