UK Industrial Production increased by 0.3%

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Wednesday, May 11 2016

Total production output is estimated to have decreased by 0.4% between Quarter 4 (Oct to Dec) 2015 and Quarter 1 (Jan to Mar) 2016. The largest contribution to the quarterly decrease came from mining & quarrying, which fell by 2.3%. Manufacturing, the largest component of production, is estimated to have decreased by 0.4% between Quarter 4 (Oct to Dec) 2015 and Quarter 1 (Jan to Mar) 2016. The largest contribution to the decrease came from the manufacture of coke & refined petroleum products, which decreased by 12.1%.

Total production output is estimated to have decreased by 0.2% in March 2016 compared with March 2015. There were decreases in 2 of its 4 main sectors, with the largest contribution coming from manufacturing, which decreased by 1.9%. Total production output is estimated to have increased by 0.3% in March 2016 compared with February 2016. Analysts were predicting increase by 0.7%. There were increases in 3 of the 4 main sectors, with the largest contribution coming from electricity, gas, steam & air conditioning output, which increased by 3.3%.

Sterling is currently being traded few points above 1.4410 level. Pair is likely to find support around 1.4380 handle and resistance above 1.4450 level. There will be no data releases later today.

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