UK Industrial Production increased by 0.1%

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Tuesday, Feb 10 2015

The seasonally adjusted index of production increased by 0.1% between Q3 2014 and Q4 2014, above the forecasted decrease of 0.1% included in the GDP preliminary estimate, however, this was below market consensus on 0.3% increase. This reflects increases of 0.2% in manufacturing, also below expectations on 0.3% incline, 0.5% in mining & quarrying and 0.5% in the water supply, sewerage & waste management sector.

Partially offsetting these increases was a decrease of 2.7% in the electricity, gas, steam & air conditioning sector. The seasonally adjusted index decreased by 0.2% between November 2014 and December 2014. This reflects decreases of 1.4% in mining & quarrying and 1.6% in the water supply, sewerage & waste management sector. Partially offsetting these decreases were increases of 0.1% in manufacturing and 0.6% in the electricity, gas, steam & air conditioning sector.

Despite the figures, Sterling was pushed higher and is currently being traded around 1.5240 area. Pair is likely to find support around 1.52 and resistance above 1.5280 level. Later today, in the US session, JOLTS Job Openings figures are scheduled for a release.

More in this category: « French Industrial Production up more than expected JOLTS Job Openings at 5.0 million »

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