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UK Manufacturing Grows 1 Percent in January

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UK manufacturing output grew by 1% in February from January, the Office for National Statistics (ONS) has said.

The rise – driven by pharmaceuticals, transport equipment, food, beverages and tobacco, – was the biggest since September, and ahead of forecasts.

The year-on-year figure saw output 3.8% higher than in the same month of 2013.

Industrial output, which includes power generation and North Sea oil production as well as manufacturing, climbed 0.9% on the month.

The figure bounced back after a weak January, when bad weather hampered North Sea oil and gas output.

Compared with a year previously, industrial output was up 2.7%.

The ONS also said that in the quarter to the end of February – generally considered a better guide to recent trends – manufacturing and industrial production were both up 0.8% on the previous three months.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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