Details of the August 2016 UK industrial production data report 7 October 2016
- 0.7% vs 1.3% exp y/y. Prior 2.1%
- Manufacturing production 0.2% vs 0.5% exp m/m. Prior -0.9%
- 0.5% vs 0.9% exp y/y. Prior 0.8%
Disappointing numbers on the face of it but given what IP covers in terms of components it's likely to be summer related losses as warmer weather reduced the need for energy related products. Manufacturing improved and although not as much as expected, is a positive nonetheless.
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