UK Manufacturing Production & Industrial Production
Written November 5, 2009 at 4:38 AM EST by Vincent Facchino
UK Manufacturing Production m/m came in at 1.7%, stronger than the 1.0% expected. Y/y came in at -9.3%, stronger than the -9.7% expected.
Industrial Production m/m came in at 1.6%, stronger than the 1.2% expected. Y/y came in at -10.3%, inline with expectations.
Revisions to prior readings made this months postive numbers lose some relevance as Manufacturing Production was revised from -1.9% to -2.0% m/m and -11.3% to -11.6% y/y. Industrial Production was reviswed from -2.5% to -2.6% m/m and -11.2% to -11.5% y/y.
Overall effect of production figures were muted because of these negative revisions of prior month.
Gbp/Usd currently trades at 1.6525 and Gbp/Jpy at 149.15.
Categories: Forex News | Tags: GBP
Loading ...
No Responses to “UK Manufacturing Production & Industrial Production”
Add a comment