UK Industrial Production decreased by 0.1%

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Friday, Jan 09 2015

UK Industrial Production decreased by 0.1% between October 2014 and November 2014, missing forecasts on 0.2%. This reflects an increase of 0.7% in manufacturing, above expected increase on 0.4% incline. Partially offsetting this increase were decreases of 3.7% in mining & quarrying, 1.3% in the electricity, gas, steam & air conditioning sector and 0.4% in the water supply, sewerage & waste management sector.

Trade Balance figures beat predictionon deficit of £9.5 billion. Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £1.4 billion in November 2014, compared with £2.2 billion in October 2014. This reflects a deficit of £8.8 billion on goods, partly offset by an estimated surplus of £7.4 billion on services.

After the data Sterling initially fell few points but managed to rebound and is currently being traded around 1.5130 level. Later today, in the US session NFP figures will be released.

More in this category: « French Industrial Production decreased by 0.3% Nonfarm payroll employment increased by 252,000 »

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