UK industrial and manufacturing production 12 May 2015
- Prior 0.1%
- 0.7% vs 0.2% exp y/y. Prior 0.1%
- Manufacturing production 0.4% vs 0.3% exp m/m. Prior 0.4%
- 1.1% vs 1.0% exp y/y. Prior 1.1%
Some small relief with the rise in production sends cable up to test 1.5600
Oil and gas extraction lead the gains, posting the biggest rise since Feb last year and was +4.9% vs -3.7% prior m/m. Total mining was +2.6% vs -2.6% prior
The numbers are still nothing to get excited about but we're going the right way once again. There may be minimal upward impact to GDP revisions from this
