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Input Prices a Concern For UK Construction

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U.K. manufacturing and construction shrank in January, pointing to a loss of economic momentum in the first quarter.

Factory output fell 0.9 percent from December, the Office for National Statistics said on Friday. Total industrial production declined 0.4 percent. Building firms cut output by 0.4 percent.

The figures follow a strong end to 2016, and there is little evidence of a dramatic slowdown as Brexit talks loom, with the falling pound continuing to underpin exports.

Bloomberg

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

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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