- Prior 0.6%. revised to 0.7%
- 1.1% vs 1.8% exp y/y. Prior 1.5%. Revised to 0.8%
- Manufacturing output -0.7% vs +0.2% exp m/m. Prior 0.4%. Revised to 0.6%
- 1.7% vs 3.2% exp y/y. Prior 2.9%
A nice ugly set of numbers. Electronics led the fall after a strong September, and Pharma and chemical production were down too. Oil and gas extraction fell to 2.85 from 4.8%, which was revised down from 5.2%
The only saving grace to the report is that it’s lagging and we’ve already had the November PMI which showed domestic demand picking up.
GBP/USD has taken a dip to 1.5640from 1.5665
UK industrial production y/y 09 12 2014
