UK Industrial Production decreased by 0.7%

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Tuesday, Jan 12 2016

Total production output is estimated to have increased by 0.9% in November 2015 compared with the same month a year ago. There were increases in 3 of its 4 main sectors, with the largest contribution coming from mining & quarrying, which increased by 10.5%. Manufacturing output decreased by 1.2% in November 2015 compared with November 2014. The largest contribution to the decrease came from the manufacture of machinery & equipment not elsewhere classified, which decreased by 13.7%.

Total production output is estimated to have decreased by 0.7% between October 2015 and November 2015. Analysts were anticipating no change. There were decreases in all of the main sectors, with manufacturing, mining & quarrying and electricity & gas having the largest contributions to the decrease. Manufacturing output decreased by 0.4% in November 2015 compared with October 2015. The largest contribution to the decrease came from the manufacture of basic pharmaceutical products & pharmaceutical preparations, which decreased by 4.9%.

Sterling is currently being traded around 1.45 handle. Pair is likely to find support around 1.4450 handle and resistance above 1.4560 level. Later today, in the US session, JOLTS Job Openings figures are scheduled for a release.

More in this category: « Crude oil prices down to fresh 12-year low Job openings almost unchanged in November »

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