British factory output had its strongest growth in nearly seven years in late 2016 and early 2017 and exports also grew quickly, data showed on Friday, suggesting a Brexit boost for the sector from sterling’s fall.
Manufacturing output fell by 0.9 percent in January, a bigger decline than the 0.6 percent fall forecast in a Reuters poll of economists.
But over the November-January period, factory output was up 2.1 percent, its strongest showing since the three months to May 2010, the Office for National Statistics said.
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Craig Erlam
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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