• Prior +0.9%. Revised to +0.8%
  • 2.3% vs 2.4% exp y/y. Prior 2.7%. Revised to 2.5%
  • Manufacturing output 0.5% vs 0.3% exp m/m. Prior 1.0%.
  • 3.3% vs 2.9% exp y/y. Prior 3.8%. Revised to 3.9%
  • March construction output -1.0% vs -2.0% in Feb
  • 6.4% vs 3.9% prior y/y. Biggest rise since Sep 2013
  • Q1 construction output 0.6% q/q (Q1 GDP component 0.3%)

The numbers are more or less spot on with some slight downward revisions in industrials.

Cable not seeing anything really positive so takes a slide down to 1.6918.

What could be spun as some good news is that the 3 month average for manufacturing (1.4% vs 0.9% prior) is the biggest gain since Oct 2010 and the biggest quarterly rise since Q3 1999.

UK IP 09 05 2014

UK IP 09 05 2014

UK industrial production yy 09 05 2014