Details of the August 2015 UK industrial production data report 7 October 2015
– Prior -0.4%. Revised to -0.3%
– 1.9% vs 1.2% exp y/y. Prior 0.8%. Revised to 0.7%
The pound has run higher on the headline IP number but it’s not that good a report. The manufacturing side mirrors what we’ve been seeing lately and if we look at the 3m/3m number it’s 0.1% vs 0.2% in July while manufacturing is -0.9% vs -1.1% prior.