Details of the October 2016 UK industrial and manufacturing production data report 7 December 2016

  • Prior -0.4%.

  • -1.1% vs 0.5% exp y/y. Prior 0.3%. Revised to 0.4%
  • Manufacturing production -0.9% vs 0.2% exp m/m. Prior 0.6%
  • -0.4% vs 0.8% exp y/y. Prior 0.2%. Revised to 0.1%

The ONS continued with last month's excuses that oil field shutdowns were to blame but also note that manufacturing was hit by small falls across a range of sectors. The revisions to Sep do nothing for Q3 GDP.

Whatever the reasons, it's not a good report. GBPUSD has ducked under 1.2600 to 1.2592.

UK IP & MP y/y