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6 Nov 2015
UK prints mixed industrial production numbers – TDS
FXStreet (Delhi) - James Rossiter, Senior Global Strategist at TD Securities, notes that the UK industrial production came in somewhat mixed, with a slightly weaker number on headline (-0.2% m/m) and a slightly stronger showing on the more important manufacturing component (+0.8% m/m).
Key Quotes
“Growth had surged in August on account of a recovery in auto production as holidays were (atypically) taken in July this year, so this data marks a return to more normal readings.”
“The UK trade data revealed a marked improvement in the trade balance, which fell from -£2.9B in August to just -£1.3B in September. The visible trade balance also improved considerably, moving from -£10.8B to -£9.4B. Strong goods exports (+2.4% m/m) and weak goods imports (-2.5% m/m) in September helped drive this improvement.”
Key Quotes
“Growth had surged in August on account of a recovery in auto production as holidays were (atypically) taken in July this year, so this data marks a return to more normal readings.”
“The UK trade data revealed a marked improvement in the trade balance, which fell from -£2.9B in August to just -£1.3B in September. The visible trade balance also improved considerably, moving from -£10.8B to -£9.4B. Strong goods exports (+2.4% m/m) and weak goods imports (-2.5% m/m) in September helped drive this improvement.”