Tuesday brought UK Industrial Production data. Total production output is estimated to have decreased by 0.7% between October 2015 and November 2015. Analysts were anticipating no change. There were decreases in all of the main sectors, with manufacturing, mining & quarrying and electricity & gas having the largest contributions to the decrease. Manufacturing output decreased by 0.4% in November 2015 compared with October 2015. The largest contribution to the decrease came from the manufacture of basic pharmaceutical products & pharmaceutical preparations, which decreased by 4.9%.
There will be no data releases from the UK tomorrow. No change is predicted. In the US session Crude Oil Inventories figures are scheduled for a release. Analysts are forecasting increase to 1.9 million.
Figures to watch:
Crude Oil Inventories (Wednesday 16:00)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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