Details from the November 2016 UK industrial and manufacturing production report 11 January 2017
- Prior -1.3%. Revised to -1.1%
- 2.0% vs 0.6% exp y/y. Prior -1.1%. Revised to -0.9%
- Manufacturing 1.3% vs 0.5% exp m/m. Prior -0.9%. Revised to -1.0%
- 1.2% vs 0.4% exp y/y. Prior -0.4%. Revised to -0.5%
Very good numbers from UK industry. We’ve already seen that the year could be ending well in manufacturing via the Dec PMI. This one lags those by a month so we should (on paper) see this sustained.
Oil and gas production led the way and a lot of the gains are being tied to the reopening of the Buzzard oil field and an increase in the pharma sector.