UK industrial production rises more than expected in August

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The UK industrial production rose 1% m/m in Aug, beating the estimated rebound to 0.3% from July’s 0.4% drop. On an annualised basis, the figure rose 1.9%, beating the estimated rebound to 1.2%.

    Manufacturing output rose 0.5% against an estimate of 0.3%. The UK Office for National Statistics (ONS) report showed the main manufacturing components contributing to the growth were the manufacture of transport equipment; the manufacture of basic metals & metal products; and the manufacture of food, beverages & tobacco.

    In the 3 months to August 2015, production and manufacturing were 9.4% and 6.5% respectively below their figures reached in the pre-downturn GDP peak in Quarter 1 (Jan to Mar) 2008.
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