| About CMS | Forex Services | Trading Software | Forex Education | Forex Resources | My Account |
Main Indicator: Industrial Production
Most Recent Release
|
Actual | Forecast | Previous | Revised Form | |
| -0.5% | -0.1% | 0.3% | N/A | ||
|
For March
UK's industrial output levels fell 0.5% in March compared to February, dragged down declines in by electricity, gas and water production. Manufacturing, the key component also declined 0.5%. The market reacted to the release and put pressure on the pound. Data on production has been mixed this year, without a clear trend. The growth in output has definitely slowed, and can be expected to continue slowing because of global easing in demand. The latest 2 reports on Manufacturing PMIs for April and March have beat expectations and remains above the boom-bust level. Therefore the decline in industrial production shouldn't have much priority for the Bank of England's decision tomorrow. Inflation and the nation' housing slowdown are the forefront its concerns.
From the release:
Between February and March, manufacturing output decreased by 0.5 per cent. The fall in March was widespread with output decreasing in 10 of the 13 sub-sectors, increasing in two sub-sectors and one sub-sector remained unchanged. The only significant decrease was in the transport equipment industries, where output fell by 1.3 per cent during the month. Within transport equipment output of the motor vehicle production industry has fallen by 2.7 per cent, returning to more normal levels after a strong February. During February many car manufacturers increased production of new models prior to their launch. Within manufacturing, there were no significant increases in the month. |
|||||
Table of Past Data
| 8/6 | 9/6 | 10/8 | 11/5 | 12/6 | 1/11 | 2/7 | 3/10 | 4/9 | 5/7 | ||
| Actual | 0.1% | -0.1% | 0.1% | -0.4% | 0.4% | -0.1% | -0.1% | -0.1% | 0.3% | -0.5% | |
| Forecast | 0.1% | 0.2% | 0.3% | 0.2% | 0.2% | 0.1% | 0.2% | 0.1% | 0.1% | -0.1% | |
| Previous | 0.6% | 0.0% | -0.10% | 0.1% | -0.4% | 0.4% | -0.1% | 0.0% | -0.1% | 0.3% | |
| Revised From | N/A | 0.1% | N/A | N/A | N/A | N/A | N/A | -0.1% | N/A | N/A | |
Secondary Indicator: Manufacturing Production
Most Recent Release
|
Actual | Forecast | Previous | Revised Form | |
| -0.5% | 0.0% | 0.4% | N/A | ||
|
For March
From the release:
Between February and March, manufacturing output decreased by 0.5 per cent. The fall in March was widespread with output decreasing in 10 of the 13 sub-sectors, increasing in two sub-sectors and one sub-sector remained unchanged. The only significant decrease was in the transport equipment industries, where output fell by 1.3 per cent during the month. Within transport equipment output of the motor vehicle production industry has fallen by 2.7 per cent, returning to more normal levels after a strong February. During February many car manufacturers increased production of new models prior to their launch. Within manufacturing, there were no significant increases in the month. |
|||||
Table of Past Data
| 8/6 | 9/6 | 10/8 | 11/5 | 12/6 | 1/11 | 2/7 | 3/10 | 4/9 | 5/7 | ||
| Actual | 0.2% m/m | -0.3% | 0.4% | -0.6% | 0.3% | -0.1% | -0.2% | 0.4% | 0.4% | -0.5% | |
| Forecast | 0.2% m/m | 0.2% | 0.4% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% | |
| Previous | 0.4% m/m | 0.1% | -0.2% | 0.5% | -0.6% | 0.3% | -0.1% | -0.2% | 0.5% | 0.4% | |
| Revised From | N/A | 0.2% | -0.3% | 0.4% | N/A | N/A | N/A | N/A | 0.4% | N/A | |
Past Releases
Industrial Production
|
Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.1% | -0.1% | N/A | ||
|
For Feb.
Ind. Production y/y: 1.3%, forecast 1.2%, pr. -0.1% (Jan), 0.9% (Dec)
Industrial production rebounded in February, beating forecasts, as it climbed by 0.3%. Industrial production makes up around 1/5th of UK GDP, and the months gains more than reversed last month's 0.1% decline. From the Release:
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.4% | 0.0% | 0.5% | 0.4% | ||
|
For Feb
Manufacturing Production y/y: 1.9%, forecast 1.5%, pr. 0.7% r(0.6%) Manufacturing in the UK rose for the second month in a row, as a weaker Pound may have benefitted UK exports and increased demand for manufacturing output. February's change of 0.4% beat expectations of flat or slightly positive growth. The Pound managed to gain on the Dollar overnight after falling sharply in yesterday's session. From the Release:
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.1% | 0.1% | 0.0% | -0.1% | ||
|
For Jan.
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.4% | 0.1% | -0.2% | N/A | ||
|
For Jan.
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.1% | 0.2% | -0.1% | N/A | ||
|
For December
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.2% | 0.1% | -0.1% | N/A | ||
|
For December
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.1% | 0.1% | 0.4% | N/A | ||
|
Month-over-month for November. Industrial Production y/y: 0.4%, forecast 0.5%, pr. 1.0% Release from Office of National Statistics Production scaled back as easing mining and quarrying outputs offset the increase in energy supply output. On a three-month basis, industrial production declined 0.1% as well. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.1% | 0.1% | 0.3% | N/A | ||
|
For November. Manufacturing Production y/y: 0.1%, forecast 0.4%, pr. 0.3%. Release from Office of National Statistics UK manufacturing has lately felt pressure and in November saw 8 out of 13 sub-sectors decreasing in output. 4 remained unchanged. Production in the three months to November declined 0.2% compared to the three months to August. "There was a significant decrease in the electrical and optical equipment industries, where output fell by 1.9 cent, but there was also a significant increase in the transport equipment industries, where output increased by 2.4 per cent in the latest month." With BoE's decision to hold rates yesterday, it is very likely the committee will need to cut rates in February, possibly even with a 50-point reduction. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.4% | 0.2% | -0.4% | N/A | ||
|
Month-over-month for October. Industrial Production y/y: 1.0%, forecast 0.7%, pr. -0.4% (Rev from -0.2%) (Sept) UK: Office of National Statistics Mining and quarrying output rebounded (+2.5%) as capacity returned to normal levels after maintenance and repairs in the previous month. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.2% | -0.6% | N/A | ||
|
For October, accompanying ONS release of industrial production Manufacturing Production y/y: 0.3%, forecast 0.4%, pr. -0.2%, (Rev from -0.1%) (Sept) Manufacturing production edged up 0.3%. Transport equipments sub-sector had significant increase of 1.2% with a 4.7% production increase in the aircraft industry. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.4% | 0.2% | 0.1% | N/A | ||
|
Month-over-month for September. Industrial Production y/y: -0.2% (Sept), consensus 0.4%, pr. 0.7% (Aug) "Mining and quarrying output increased by 0.4% and energy supply output increased by 1%. Gas supply output saw a 2.2% decline as a greater proportion of the electricity generated in September was from nuclear facilities, reducing commercial demand for gas." See "Manufacturing Production" and "Services PMI" for more UK news today. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.6% | 0.1% | 0.5% | 0.4% | ||
|
For September. Manufacturing Production y/y: -0.1% (Sept), consensus 0.6%, pr. 0.6% (Aug) The Office of National Statistics released figures that showed manufacturing production falling by 0.6% between August and September. The decline was widespread as 10 of 13 sectors showed decreasing output. In addition to weak Services PMI today, the Pound fell after these numbers.  <
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.3% | -0.10% | N/A | ||
|
For August. Industrial Production y/y: 0.5%, forecast 0.9%, pr. 0.8% (revised from 0.9%). The highlighted figure index itself which is running at 103.5, the highest since August 2001. Mining and quarrying output decreased by 2.7% while energy supply output dipped 0.1%. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.4% | 0.4% | -0.2% | -0.3% | ||
|
From July to August, outputs from the manufacturing component of industrial production increased 0.4% as 9 of the 13 sub-sectors showed increases. Major increases were in the man-made fibers industry, according to the ONS. Manufacturing Production y/y: 0.5%, forecast 0.5%, pr. 0.8% |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.1% | 0.2% | 0.0% | 0.1% |
|
Actual | Forecast | Previous | Revised Form | |
| -0.3% | 0.2% | 0.1% | 0.2% |
|
Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.1% | 0.6% | N/A | ||
| Between May and June, overall output was dragged by a 1.1% decline in mining and quarrying, but lifted by 1.1% increase in energy supply output. According to Office of National Statistics (ONS) Wholesale gas prices fell in this month where the temperature was cooler than June of 2006, and buoyed demand for gas for electricity generation. | |||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.2% m/m | 0.2% m/m | 0.4% m/m | N/A | ||
| Compared to the June quarter of 2006, manufacturing output increased 0.7% according to the ONS. 12 out of the 13 subsectors registered increases. Transportation equipment industries showed a significant 2.6% increases. There were no significant decreases. | |||||