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10 Feb 2016
UK industrial production expected to rise 0.3% - Unicredit
Research Team at Unicredit, expects UK industrial production to rise 0.3% mom (+1.4% yoy) in December, and manufacturing output to rise 0.5% mom (-1.0% yoy).
Key Quotes
“Manufacturing activity remained subdued in December according to the PMI; however, it is nonetheless consistent with a slight pickup in the official manufacturing output measure at the end of the year. Partially offsetting this, energy production will likely again provide a downward contribution to industrial production due to the unseasonably warm weather.”
Key Quotes
“Manufacturing activity remained subdued in December according to the PMI; however, it is nonetheless consistent with a slight pickup in the official manufacturing output measure at the end of the year. Partially offsetting this, energy production will likely again provide a downward contribution to industrial production due to the unseasonably warm weather.”