Seeking Alpha

U.K. industrial output recovers but not as much as expected

  • U.K. industrial production +0.4% on month in December vs -0.1% in November and consensus of +0.6%. On year, output +1.8% vs +2.1% and +2.3%.
  • Manufacturing production +0.3% on month vs -0.1% and +0.6%. On year, output +1.5% vs +2.2% and +2.3%. (PR)
  • Total trade deficit £1.03B vs £3.58B in November; exports +2.1%, imports -3.8%.
  • Goods trade deficit £7.72B vs £9.78B in November and consensus of £9.3B.
  • Services surplus £6.7B. (PR)
  • The pound is +0.1% at $1.6344, while the FTSE 100 is +0.2%.
  • ETFs: EWU, EWUS, FKU, DXPS, DBUK, FXB, GBB
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