- Prior 0.5%. Revised to 0.4%
- 2.5% vs 2.6% exp y/y. Prior 1.7%. Revised to 2.2%
- 3m/3m 0.0% vs -0.1% prior. Revised to -0.3%
- Manufacturing output 0.1% vs 0.1% exp m/m. Prior 0.3%
- 3.9% vs 3.4% exp y/y. Prior 2.2%. Revised to 3.5%
- 3m/3m 0.0% vs -0.6% prior. Revised to -0.4%
Flat on the month but a fall y/y offset by a decent revision. Manufacturing again, flattish m/m but a good gain y/y and on the revision here as well.
Of course our industrial sector isn’t the great powerhouse it once was but there were worries that the slowdown would have a deeper impact. Flat on the month isn’t anything to write home about but at least it’s not going backwards (yet) and the annual gains are still at decent levels. A “steady as she goes” report.
GBP/USD doing nothing at 1.6083
The ONS say that a big part of the slowdown came from car manufacturers who halted production for longer than usual to carry out maintenance.
UK industrial production 07 10 2014
