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Actual | Forecast | Previous | Revised Form | |
| -0.4% | 0.2% | 0.5% | N/A | ||
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For January
y/y: -1.5%, pr. -3.6% (Dec), -5.4% (Nov), -7.8% (Oct), -9.8% (Sep),
UK industrial production unexpectedly declined 0.4% m/m in January, reversing a 0.5% m/m advance in December, according to data from the Office for National Statistics. January IP fell 1.5% y/y, following a revised 3.7% y/y December decrease. |
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| 5/12 | 6/10 | 7/7 | 8/5 | 10/6 | 11/5 | 12/8 | 1/13 | 2/10 | 3/10 | ||
| Actual | -0.6% | 0.3% | -0.6% | 0.5% | -2.5% | 1.6% | 0.0% | 0.4% | 0.5% | -0.4% | |
| Forecast | -0.7% | -0.1% | 0.2% | 0.0% | 0.1% | 1.2% | 0.5% | 0.3% | 0.2% | 0.2% | |
| Previous | -0.7% | -0.6% | 0.3% | -0.7% | 0.5% | -2.5% | 1.3% | -0.1% | 0.4% | 0.5% | |
| Revised From | -1.0% | N/A | N/A | -0.6% | N/A | N/A | 1.6% | 0.0% | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| -0.9% | 0.3% | 0.9% | N/A | ||
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For January
y/y: 0.2%, pr. -1.9% (Dec), -5.4% (Nov), -7.8% (Oct), -9.8% (Sep),
UK manufacturing production unexpectedly fell 0.9% m/m in January, the first fall in five months, after a 0.9% m/m gain in December. January manufacturing production was up 0.2% y/y, the first year-on-year increase in almost two years. |
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| 6/10 | 7/7 | 8/5 | 9/8 | 10/6 | 11/5 | 12/8 | 1/13 | 2/10 | 3/10 | ||
| Actual | 0.2% | -0.5% | 0.4% | 0.9% | -1.9% | 1.7% | 0.0% | 0.0% | 0.9% | -0.9% | |
| Forecast | -0.1% | 0.1% | 0.0% | 0.3% | 0.4% | 1.1% | 0.4% | 0.3% | 0.4% | 0.3% | |
| Previous | 0.2% | 0.0% | -0.6% | 0.6% | 0.7% | -2.0% | 1.5% | 0.0% | 0.0% | 0.9% | |
| Revised From | -0.1% | 0.2% | -0.5% | 0.4% | 0.9% | -1.9% | 1.7% | N/A | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| 0.5% | 0.2% | 0.4% | N/A | ||
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For December
y/y: -3.6%, pr. -5.4% (Nov), -7.8% (Oct), -9.8% (Sep),
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Actual | Forecast | Previous | Revised Form | |
| 0.9% | 0.4% | 0.0% | N/A | ||
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For December
y/y: -1.9%, pr. -5.4% (Nov), -7.8% (Oct), -9.8% (Sep),
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Actual | Forecast | Previous | Revised Form | |
| 0.4% | 0.3% | -0.1% | 0.0% | ||
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For November
-11.1% (Jun), -11.9% (May), -12.3% (Apr), -12.4% (Mar), |
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Actual | Forecast | Previous | Revised Form | |
| 0.0% | 0.3% | 0.0% | N/A | ||
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For November
y/y: pr. -7.8% (Oct), -9.8% (Sep), -11.3% (Aug), -10.1% (Jul),
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Actual | Forecast | Previous | Revised Form | |
| 0.0% | 0.5% | 1.3% | 1.6% | ||
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For October
y/y: -8.4%, pr. -10.3% (Sep), -11.2% (Aug), -9.3% (Jul),
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Actual | Forecast | Previous | Revised Form | |
| 0.0% | 0.4% | 1.5% | 1.7% | ||
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For October
y/y: -7.8%, pr. -9.8% R- (Sep), -11.3% (Aug), -10.1% (Jul),
UK manufacturing production was flat in October, a figure that disappointed forecasts and shows that the economy is struggling to shake off the longest recession on record. Factory output was expected to rise 0.4%, following last month's downwardly revised 1.5%, which was a strong month. On the year, output is down 7.8%, but it is expected to rise 0.9% in 2010. The Pound was pressured overnight following a warning from Moody's Investors Services that the UK credit rating was weaker than top-rated peers including Germany and France. Both Britain and the US had "resilient" Aaa ratings, as opposed to the "resistance" top ratings on Canada, Germany and France. The fiscal deficit in the UK has deteriorated as the government increased spending while tax receipts fell. The UK Chancellor of the Exchequer Alistair Darling said the deficit could be halved in the next four years, but with the fragile economy the government is unable to take more steps to close the gap. |
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Actual | Forecast | Previous | Revised Form | |
| 1.6% | 1.2% | -2.5% | N/A | ||
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For September
y/y: -10.3%, pr. -11.2% (Aug), -9.3% (Jul), -11.1% (Jun),
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Actual | Forecast | Previous | Revised Form | |
| 1.7% | 1.1% | -2.0% | -1.9% | ||
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For September
y/y: -9.3%, pr. -11.3% (Aug), -10.1% (Jul), -11.7% (Jun),
The UK manufacturing sector posted positive data for the September period, showing output increasing 1.7% on the month. That almost made up for the 2% drop in August. Output had been at its lowest level since 1992, and today's data shows the sector rebounding. Rising confidence and a weak sterling is helping to increase exports. Overall industrial production, which includes mining, quarrying, utilities, oil and gas rose 1.6%. |
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Actual | Forecast | Previous | Revised Form | |
| -2.5% | 0.1% | 0.5% | N/A | ||
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For August
y/y: -11.2%, pr. -9.3% (Jul), -11.1% (Jun), -11.9% (May),
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Actual | Forecast | Previous | Revised Form | |
| -1.9% | 0.4% | 0.7% | 0.9% | ||
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For August
y/y: -11.3%, pr. -10.1% (Jul), -11.7% (Jun), -12.7% (May),
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Actual | Forecast | Previous | Revised Form | |
| 0.9% | 0.3% | 0.6% | 0.4% | ||
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For July
y/y: -10.1%, -11.7% (Jun), -12.7% (May), -12.7% (Apr), -12.9% (Mar),
UK manufacturing production surprised forecasts on the upside, climbing 0.9% in July, which was the strongest month-on-month rise since May 2006. Industrial output also beat expectations, and is the latest sign that the UK economy has seen the worst of its recession and is beginning to climb out. The rise was led primarily by auto production, which was up 10.4% on the month. |
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Actual | Forecast | Previous | Revised Form | |
| 0.5% | 0.0% | -0.7% | -0.6% | ||
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For June
Ind. Prod. y/y: -11.1%, pr. -11.9% (May), -12.3% (Apr), -12.4% (Mar),
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Actual | Forecast | Previous | Revised Form | |
| 0.4% | 0.0% | -0.6% | -0.5% | ||
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For June
y/y: -11.7%, pr. -12.7% (May), -12.7% (Apr), -12.9% (Mar),
From the Release: "Between May and June, output of the manufacturing industries rose by 0.4 per cent (note that monthly growth rates are volatile, see background note 2). The most significant increases in output were 4.1 per cent in transport equipment industries and 2.5 per cent in electrical and optical equipment industries. The most significant decrease in output was 3.6 per cent in the chemicals and man made fibres industries." |
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Actual | Forecast | Previous | Revised Form | |
| -0.6% | 0.2% | 0.3% | N/A | ||
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For May
Ind. Prod. y/y: -11.9%, pr. -12.3% (Apr), -12.4% (Mar),
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Actual | Forecast | Previous | Revised Form | |
| -0.5% | 0.1% | 0.0% | 0.2% | ||
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For may
y/y: -12.7%, pr. -12.7% (Apr), -12.9% (Mar), -13.8% (Feb),
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Actual | Forecast | Previous | Revised Form | |
| 0.3% | -0.1% | -0.6% | N/A | ||
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For April
Ind. Prod. y/y: -12.3%, forecast -12.4%, pr. -12.4% (Mar),
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Actual | Forecast | Previous | Revised Form | |
| 0.2% | -0.1% | 0.2% | -0.1% | ||
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For April
y/y: -12.7%, forecast -12.6%, pr. -12.9% (Mar), -13.8% (Feb),
Manufacturing output in the UK rose by 0.2% in April, and with March's figure revised up to show a positive result, it was the second month in a row that production grew. The annual rate meanwhile improved to show a -12.7% reading. In February, annual production was off -13.8%, which may have been the depth of the UK recession. Today's data is a sign that the yearlong slump at factories may be stabilizing, and these figures show that production may not be a major drag on growth in the second quarter. There are other tentative signs that the recession may have bottomed in the UK including a housing market that has seen some positive reports of late, and a return to expansion in the services sector. Of course the economy shrank by the most since 1979 in the 1st quarter. The biggest gain in manufacturing output was transportation as factories produced more cars and other motor vehicles. |
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Actual | Forecast | Previous | Revised Form | |
| -0.6% | -0.7% | -0.7% | -1.0% | ||
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For March
Ind. Prod. y/y: -12.4%, forecast -12.8%, pr. -1(Feb), -11.4% (Jan),
From the Release: "Total production output decreased by 0.6 per cent between February and
March. Mining and quarrying output decreased by 2.5 per cent with a
decrease in oil and gas production output of 3.1 per cent. Energy
supply output decreased by 2.8 per cent on the month with decreases in
the electricity, gas and water supply outputs."
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