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UK Construction Output fell by 0.2%

In September 2015, output in the construction industry was estimated to have decreased by 0.2% compared with August 2015 due to a fall in all new work of 2.4%. This was offset by repair and maintenance which increased by 3.8%.  Read more...

UK Industrial Production fell by 0.2%

Total production output is estimated to have increased by 0.2% between Quarter 2  2015 and Quarter 3 2015. Manufacturing, the largest component of production, is estimated to have decreased by 0.4% between these periods. However, when comparing September 2015 with August 2015, manufacturing is estimated to have increased by 0.8%, the largest monthly rise since April 2014. This followed a slightly smaller increase of 0.4% in August 2015 and a decrease of 0.7% in July 2015. Industrial production in total fell by 0.2%.  Read more...

UK Construction PMI down in October

UK Construction PMI registered 58.8 in October, which was down from 59.9 in September but still well above the 50.0 no-change threshold. As a result, the latest survey marked two-and-a-half years of sustained output growth across the UK construction sector. While the  pace of expansion remained weaker than seen on average in 2014, the latest reading was comfortably above the pre-election low recorded in April (54.2).   
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Sterling traded in a tighter range in a quiet Friday's trade

There were no major data releases from the UK today, with British pound being traded in a tighter range. Sterling was pushed lower in the course of yesterday's session, mostly due to dovish ECB stanzas indicating that more stimulus is coming in future. However, we believe that this is only of a short-term basis, since recent UK data was positive, especially yesterday's Retail Sales figures that showed 1.9% increase, beating forecasts on 0.3% incline.
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