UK July production data 8 Sept
- 0.5% prev
- yy 0.4% as exp vs 0.3% prev
- mftg prod 0.5% vs 0.3% exp vs 0.0% prev
- yy 1.9% vs 1.7% exp vs 0.6% prev
- construction output mm SA -0.9% vs -0.2% exp vs -0.1% prev
- yy SA -0.4% vs 0.2% exp vs 0.9% prev
Mixed bag of data leaves GBP suitably unfazed.
Says the ONS;
- the largest contribution to the rise in mining and quarrying in the 3 months to July 2017 came from oil and gas extraction, which rose by 2.6%, due mainly to a lack of maintenance, which has historically taken place in the month of June, although in some previous years this maintenance has occurred later in the summer
- the monthly increase within transport equipment was due to motor vehicles, trailers and semi-trailers, which rose by 13.7%, the strongest growth since March 2009; evidence suggested that the production of new models contributed to the growth
Full report from ONS here