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UK Industrial Production down by 0.4%

Friday, Oct 07 2016

In August 2016, total production output was estimated to have increased by 0.7% compared with August 2015. There were increases in 2 of the 4 main sectors, with the largest contribution coming from water supply, sewerage and waste management output, which increased by 7.0%. Manufacturing was estimated to have increased by 0.5% on a year ago. Other manufacturing and repair provided the largest contribution to growth, increasing by 5.9%.

Comparing August 2016 with July 2016, production output is estimated to have decreased by 0.4%. There were decreases in 2 of the 4 main sectors, with the largest contribution coming from mining and quarrying, which decreased by 3.7%. Manufacturing was estimated to have increased by 0.2% between July and August 2016. Transport equipment provided the largest contribution to growth, increasing by 2.5%.

 

Sterling is currently being traded around 1.2430 handle. Pair is likely to find support around 1.2350 area and resistance above 1.25 level.

More in this category: « German Industrial Production rose by 2.5% Payrolls weaker than expected, unemployment rate at 5.0% »

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