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UK Industrial Production rose by 0.1%

Wednesday, Sep 07 2016

In July 2016, total production output was estimated to have increased by 2.1% compared with July 2015. All main sectors saw production increase with mining & quarrying providing the largest contribution to growth, increasing by 7.2%. Manufacturing was estimated to have increased by 0.8% over the same period. Transport equipment provided the largest contribution to growth, increasing by 5.7%.

 

Comparing July 2016 with June 2016, production output is estimated to have increased by 0.1%. Manufacturing was the only sector to contract from June 2016, falling by 0.9% with the largest contribution from pharmaceuticals. However, this was offset by growth in the other three sectors, particularly mining & quarrying, which increased by 4.7%.

 

Sterling is currently being traded below 1.3380 level. Pair is likely to find support around 1.3330 area and resistance above 1.3440 handle.

Last modified on Wednesday, 07 September 2016
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