UK data now out 10 Oct

  • 0.3% prev revised up from 0.2%
  • yy 1.6% vs 0.9% exp vs 1.1% prev revised up from 0.4%
  • mftg production mm 0.4% vs 0.2% exp vs 0.4% prev revised down from 0.5%
  • yy 2.8% vs 1.9% exp vs 2.7% prev revised up from 1.9%
  • construction output mm 0.6% vs 0.05 exp vs -1.0% prev
  • yy 3.5% vs 0.2% exp vs 2.7% prev

Better data overall with decent revisions mostly too.

GBPUSD touching 1.3200 but decent sell interest that I've been highlighting prevailing for the moment. Let's see if we get a second wave of buying.

UK trade data also out. Will post separately.

Say the ONS:

  • In the three months to August 2017, the Index of Production was estimated to have increased by 0.9%; all four main sectors increased with the largest contribution from manufacturing.

  • The largest contribution to the rise in manufacturing in the three months to August 2017 came from other manufacturing and repair, which rose by 3.8%; this sub-sector includes a wide range of high-value milestone-based contracts for repair and maintenance, such as for aircraft, ships and boats.

  • In August 2017, total production was estimated to have increased by 0.2% compared with July 2017, due mainly to a rise of 0.4% in manufacturing.

  • Total production output for August 2017 compared with August 2016 increased by 1.6%, with manufacturing providing the largest upward contribution, increasing by 2.8%; mining and quarrying partially offset this rise, decreasing by 6.0%.

Full report here

UK Ind Prod mm