UK Manufacturing Output Rises 1.2 Percent

Britain’s manufacturers ramped up production in September, according to official figures, helping to keep hopes alive of an industrial renaissance, despite the news of nearly 1,800 shipbuilding job losses.

The Office for National Statistics said on Wednesday that manufacturing output increased by a better than expected 1.2% in September, reversing the 1.2% drop a month earlier.

The wider measure of industrial production, which also includes mining and quarrying, and energy supply, was up by a more modest 0.9%.

The ONS said the relatively strong performance from manufacturing meant industrial production increased by 0.6% over the third quarter of the year – slightly higher than the 0.5% included in the first estimate of third-quarter GDP last month.

via The Guardian

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza