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