wrapper

UK Industrial Production down by 0.1%

Tuesday, Dec 09 2014

While analysts were predicting 0.2% growth, total production in October 2014 is estimated to have decreased by 0.1% compared with September 2014. Manufacturing was the only one of the four main components to fall, decreasing by 0.7%. Analysts were anticipating 0.3% increase. In the three months to October 2014, production and manufacturing were 10.4% and 5.5% respectively below their figures reached in the pre-downturn GDP peak in Q1 2008.

 

 

The main manufacturing components contributing to the fall between September 2014 and October 2014 were computer, electronic & optical products ; basic pharmaceutical products & pharmaceutical preparations; and chemicals & chemical products.

 

Sterling fell after figures were released and is currently being traded around 1.5640 area. 1.56 handle should offer some amount of support, while near 1.5680 level we can expect resistance. Later today, in the US session JOLTS Job Openings figures will be released

Last modified on Tuesday, 09 December 2014
More in this category: « Empire State Manufacturing Index unexpectedly decreased in November NAB Business Confidence fell in November »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.