UK manufacturing beat expectations
Advertisement
UK manufacturing production data came in a lot stronger than expected.
Advertisement
According to the latest figures from the Office of National Statistics, released on Wednesday, manufacturing production rose by 0.7% month-on-month in January 2016, beating analysts' estimates of a 0.2% rise.
Year-on-year, manufacturing production registered a 0.1% fall, beating expectations of a 0.7% drop.
Industrial production didn't do as well.
It rose by 0.3% in January, missing expectations of a 0.5% rise.
Advertisement
The pound stormed up above $1.42 on the news.
Here's the chart:
Investing
Advertisement
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Vodafone Idea FPO allotment – How to check allotment, GMP and more
- Investing Guide: Building an aggressive portfolio with Special Situation Funds
- Markets climb in early trade on firm global trends; extend winning momentum to 3rd day running
- Impact of AI on Art and Creativity
- Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore
- IPL 2024: CSK v LSG overall head-to-head; When and where to watch