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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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| 9/9 | 10/7 | 11/5 | 12/9 | 1/9 | 2/6 | 3/10 | 4/7 | 5/12 | 6/10 | ||
| Actual | -0.4% | -0.6% | -0.2% | -1.7% | -2.3% | -1.7% | -2.6% | -1.0% | -0.6% | 0.3% | |
| Forecast | -0.1% | -0.2% | -0.3% | -0.3% | -0.5% | -1.1% | -1.2% | -1.1% | -0.7% | -0.1% | |
| Previous | -0.1% | -0.4% | -0.6% | -0.3% | -1.7% | -2.3% | -1.5% | -2.7% | -0.7% | -0.6% | |
| Revised From | -0.2% | N/A | N/A | -0.2% | N/A | N/A | -1.7% | -2.6% | -1.0% | N/A | |
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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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| 9/9 | 10/7 | 11/5 | 12/9 | 1/9 | 2/6 | 3/10 | 4/7 | 5/12 | 6/10 | ||
| Actual | -0.2% | -0.4% | -0.8% | -1.4% | -2.9% | -2.2% | -2.9% | -0.9% | -0.1% | 0.2% | |
| Forecast | -0.1% | -0.2% | -0.4% | -0.5% | -0.5% | -1.3% | -1.4% | -1.3% | -0.8% | -0.1% | |
| Previous | -0.4% | -0.2% | -0.6% | -0.9% | -1.4% | -2.9% | -2.2% | -3.0% | -0.3% | 0.2% | |
| Revised From | -0.5% | N/A | -0.4% | -0.8% | N/A | N/A | N/A | -2.9% | -0.9% | -0.1% | |
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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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Actual | Forecast | Previous | Revised Form | |
| -0.1% | -0.8% | -0.3% | -0.9% | ||
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For March
y/y: -12.9%, forecast -14.0%, pr. -13.8% (Feb), -12.8% (Jan),
-10.2% (Dec),
UK manufacturing shrank by 0.1% in March, which was a much better result than expected, and also the slowest pace of decline in more than a year. Its a sign that the UK recession may be moderating, as the Bank of England has been fighting the threat of deflation and trying to jumpstart the economy by printing money and purchasing government and corporate bonds. The manufacturing PMI for April showed the sector contracting at its slowest pace in eight months.
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Actual | Forecast | Previous | Revised Form | |
| -1.0% | -1.1% | -2.7% | -2.6% | ||
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For February
Ind. Prod. y/y: -12.5%, forecast -12.5%, pr. -11.4% (Jan), -9.4% (Dec),
From the Release: "Total production output decreased by 1.0 per cent between January and February. Mining and quarrying output decreased by 0.9 per cent with a decrease in oil and gas production output of 0.6 per cent. Energy supply output decreased by 2.4 per cent on the month with decreases in the electricity, gas and water supply outputs." |
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Actual | Forecast | Previous | Revised Form | |
| -0.9% | -1.3% | -3.0% | -2.9% | ||
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For February
Manufact. Prod. y/y: -13.8%, forecast -14.2%, pr. -12.8% (Jan),
From the Release: "Between January and February, manufacturing output decreased by 0.9 per cent, its lowest rate of decline during the last six months. Output decreased in eight of the 13 sub-sectors and increased in five sub-sectors during the latest month. The most significant decreases in output were 3.7 per cent in the transport equipment industries, 1.6 per cent in the basic metals and metal products industries and 3.7 per cent in the other non-metallic mineral product industries. There were no significant increases during the month." |
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Actual | Forecast | Previous | Revised Form | |
| -2.6% | -1.2% | -1.5% | -1.7% | ||
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For January
Ind. Prod. y/y: -11.4%, forecast -9.9%, pr. -9.4% (Dec), -6.9% (Nov),
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Actual | Forecast | Previous | Revised Form | |
| -2.9% | -1.4% | -2.2% | N/A | ||
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For January
Manufact. Prod. y/y: -12.8%, pr. -10.2% (Dec), -8.3% (Nov),
-4.9% (Oct),
Manufacturing production in the UK plunged another 2.9% in January, and 6.4% in the three months through January, the most in at least four decades. Its the 11th month in a row that manufacturing has declined, the worst streak of contraction since 1980. On the year, production is down 12.8%. The data suggests that the economic contraction in the UK continues to accelerate, and that weak activity and tight credit will limit spending on factory orders. The Bank of England has tried to respond aggressively bringing rates down to 0.5%, and starting to embark on a program of quantitative easing. |
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Actual | Forecast | Previous | Revised Form | |
| -1.7% | -1.1% | -2.3% | N/A | ||
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For December
Ind. Prod. y/y: -9.4%, forecast -7.8%, pr. -6.9% (Nov), -5.2% (Oct),
Industrial production, which includes utilities, mining and oil extraction, dropped 1.7% in the month of December, and was down 9.4% on the year. |
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Actual | Forecast | Previous | Revised Form | |
| -2.2% | -1.3% | -2.9% | N/A | ||
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For December
Manufact. Prod. y/y: -10.2%, forecast -8.5%, pr. -8.3% (rev from 7.4%, Nov),
Manufacturing production fell for a 10th straight month in the UK, with annual output falling at its steepest pace since 1974. On the month manufacturing was down 2.2%, while the annual rate fell 10.2%. The figures came in worse than expected and show a broad-based decline in the sector. Manufacturing makes up about 15% of the UK economy and the data is expected to push the 4th quarter GDP lower in its revised form. The wider industrial production measure also fell more sharply than expected, dropping 1.7% on the month and 9.4% on the year. |
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Actual | Forecast | Previous | Revised Form | |
| -2.3% | -0.5% | -1.7% | N/A | ||
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For November
Ind. Prod. y/y: -6.9%, forecast -5.2%, pr. -5.2% (Oct), -2.9% (Sep),
Industrial production fell by 2.3% in November more than 4 times the expected value, as the UK recession deepened in the middle of the 4th quarter. That put the annual rate of decline at 6.9%. Manufacturing production was down 2.9%. With the number for December also expected to be weak, the pressure is on the Bank of England to continue cutting rates, even after the bank cut rates to 1.5%, its lowest level ever yesterday. Fourth quarter GDP numbers will be grim, with expectations of a 0.9% contraction. |
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Actual | Forecast | Previous | Revised Form | |
| -2.9% | -0.5% | -1.4% | N/A | ||
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For November
Manufact. Prod. y/y: -7.4%, forecast -5.2%, pr. -4.9% (Oct), -3.1%, (Sep),
UK manufacturing slid sharply in November, extending the declines in the sector as the economy falls deeper into recession. The streak of 9 straight month of declines is the worst since 1980 and today's monthly drop was the worst since 2002. We saw yesterday how the Bank of England cut rates to 1.5%, the lowest in its history, in order to stave off deflation and try and turn around a "sharp slowdown." The manufacturing sector has not seen much of a boost from the value of the POund falling by about 25% against the Dollar and Euro-zone, which should make UK goods cheaper abroad. But with consumers in those countries holding on to their money, and only purchasing absolutley needed goods, demand for foreign exports is weak.
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Actual | Forecast | Previous | Revised Form | |
| -1.7% | -0.3% | -0.3% | -0.2% | ||
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For October
Ind. Prod. y/y: -5.2$, forecast -3.0%, pr. -2.9% (rev from -2.2%, Sep),
From the Release: "Total production output decreased by 1.7 per cent between September and October. Mining and quarrying output decreased by 7.3 per cent. Oil and gas production decreased by 7.6 per cent and energy supply output increased by 1.2 per cent. Increased demand for gas used in electricity generation and colder temperatures led to an increase in output of 3.6 per cent in gas supply. Electricity supply output increased by 0.1 per cent and water supply output increased by 2.0 per cent in the latest month." |
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Actual | Forecast | Previous | Revised Form | |
| -1.4% | -0.5% | -0.9% | -0.8% | ||
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For October
Manufact. Prod. y/y: -4.9%, forecast -3.2%, pr. -3.1% (rev from -2.3%, Sep),
Manufacturing production in the UK contracted 1.4%, almost three times as much as predicted by economists. The decline was widespread and was the biggest monthly decline since 2005. UK consumers are shopping less as they watch their budgets in the face of their country's recession, which is forcing companies to scale back production. The data comes on the heels of a 100 basis point cut by the Bank of England which put the benchmark rate to 2%, the lowest since 1951. The report already has some circles clamoring for another bold cut from the central bank.
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Actual | Forecast | Previous | Revised Form | |
| -0.2% | -0.3% | -0.6% | N/A | ||
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For September
Ind. Prod. y/y: forecast -2.3%, pr. -2.3% (Aug), -1.9% (Jul), -1.7% (Jun),
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Actual | Forecast | Previous | Revised Form | |
| -0.8% | -0.4% | -0.6% | -0.4% | ||
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For September
Manufact. Prod. y/y: -2.3%, forecast -1.6%, pr. -2.0% (Aug), -1.4% (Jul),
UK factory production fell 0.8% in September, following a downwardly revised 0.6% decline in August. The 0.8% drop was the worst in 19 months, and it makes the 7th straight month that output has been negative. Industrial production was down 0.2% on the month and 2.2% on the year. Along with a report on the services sector (services PMI) that showed the sharpest contraction in its 12-year history, the data reinforces the notion that the UK is in a recession. The credit crisis has exacerbated an economy already pressured by weak consumer confidence, a falling housing market, and slower production. The Bank of England meets this week, and is expected to lower rates by 50 basis points. However, the weak data today may point to an even bigger move by policy makers. |
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Actual | Forecast | Previous | Revised Form | |
| -0.6% | -0.2% | -0.4% | N/A | ||
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For August
Ind. Prod. y/y: -2.3%, forecast -1.9%, pr. -1.9% (Jul), -1.7% (Jun),
Industrial production, which includes utilities, mining and oil extraction, dropped 0.6% in the month of August, and was down 2.3% on the year. That annual rate was the biggest decline since 2005. Manufacturing was down 0.4% on the month. The UK economy may have entered a period of recession, and there are calls for the central bank to act decisively when the conclude their meeting later this week. |
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Actual | Forecast | Previous | Revised Form | |
| -0.4% | -0.2% | -0.2% | N/A | ||
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For August
Manufact. Prod. y/y: -1.9%, forecast -1.6%, pr. -1.4% (Jul), -1.5% (Jun),
Manufacturing production decreased 0.4% in the UK in August, falling below economists expectations of a 0.2% decline. It's the 6th month in a row that production was negative, the worst streak in nearly 3 decades. Lower manufacturing is combining with a crumbling housing and financial sector to put the UK at the verge of a recession. Production was down 1.9% from a year earlier, the weakest level since 2003. The Bank of England meets this week, and there are calls for the bank to cut rates by 50 basis points to help spur economic growth and ease the credit burden. |
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Actual | Forecast | Previous | Revised Form | |
| -0.4% | -0.1% | -0.1% | -0.2% | ||
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For July
Ind. Prod. y/y: -1.9%, forecast -1.1%, pr. -1.7% (rev. -1.6%, Jun),
Overall industrial production, which includes the manufacturing componenet, was weaker than forecast falling 0.4% on the month and 1.9% on the year. Manufacturing output fell for the 5th straight month according the the ONS. July's 0.2% decline follows June's 0.4% drop and May's 0.5% decrease. The 1.4% declines on the year was also braodly in line with expectations.
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Actual | Forecast | Previous | Revised Form | |
| -0.2% | -0.1% | -0.4% | -0.5% | ||
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For July
Manufact. Prod. y/y: -1.4%, forecast -1.4%, pr. -1.5% (rev. -1.3%, Jun),
Manufacturing output fell for the 5th straight month according the the ONS. July's 0.2% decline follows June's 0.4% drop and May's 0.5% decrease. The 1.4% declines on the year was also broadly in line with expectations. Overall industrial production, which includes the manufacturing component, was weaker than forecast falling 0.4% on the month and 1.9% on the year.
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