Latest data released by ONS - 10 September 2018

  • Prior +0.4%
  • Manufacturing production +1.1% vs +1.4% y/y expected
  • Prior +1.5%
  • Industrial production +0.1% vs +0.2% m/m expected
  • Prior +0.4%
  • Industrial production +0.9% vs +1.1% y/y expected
  • Prior +1.1%
  • Construction output +0.5% vs -0.5% m/m expected
  • Prior +1.4%
  • Construction output +3.5% vs +2.6% y/y expected
  • Prior +2.2%

Manufacturing and industrial output misses expectations but there's a beat in terms of construction activity. All things considered, these are minor data points as it feeds into the July GDP data that was released earlier - which was better-than-expected underpinned by better services data.