Details of the November 2015 UK industrial production and manufacturing output data report 12 January 2016

  • Prior +0.1%. Revised to 0.0%
  • 0.9% vs 1.7% exp y/y. Prior 1.7%
  • Manufacturing output -0.4% vs +0.1% exp m/m. Prior -0.4%
  • -1.2% vs -0.8% exp y/y. Prior -0.1%. Revised to -0.2%

Where to begin with such a poor report?

Surprisingly for the UK, good weather was to blame for a sharp fall in mining, particularly gas extraction as that kept the heaters off in what is usually a colder period

UK IP details

The report has added to what was a bad 2015 in the sector and output is -9.1% below the pre-crisis peak, Manufacturing output is -6.1% vs the same period

GBPUSD has been tipped through 1.4500 to 1.4483