Latest data released by ONS - 10 October 2018
- Prior -0.2%
- Manufacturing production +1.3% vs +1.1% expected
- Prior +1.1%; revised to +1.4%
- Industrial production +0.2% vs +0.1% m/m expected
- Prior +0.1%; revised to +0.4%
- Industrial production +1.3% vs +1.0% y/y expected
- Prior +0.9%; revised to +1.0%
- Construction output -0.7% vs -0.5% m/m expected
- Prior +0.5%
- Construction output +0.3% vs +1.2% y/y expected
- Prior +3.5%; revised to +2.8%
A very mixed set of data as monthly estimates for manufacturing and construction output misses on expectations but industrial activity was better in August. The year-on-year figures were pretty decent except for construction output but there is mostly positive revisions to accompany the readings here. A mixed bag and one that doesn't offer all too much as this is all factored into the monthly GDP figures in the earlier post.
The pound isn't really reacting all too much on the headlines here. Cable was around 1.3160 prior to the data releases and now trades at 1.3155.
