UK: Downside risks to manufacturing output – TDS
|Analysts at TDS see downside risks to UK’s manufacturing output in March, as they are looking for a fall of 0.3% m/m against consensus of a 0.3% m/m gain.
Key Quotes
“Manufacturing has surged in recent months on the back of a weaker currency and optimism over both domestic and global growth prospects, but some of this looks set to unwind this quarter, reflecting in part the gradual decline in the manufacturing PMI.”
“Construction output is released as well, and we expect a 0.7% m/m gain in February vs consensus of 0.1%.”
“Finally, the trade balance is out, with consensus look for the visible trade balance to remain essentially unchanged in the month. Governor Carney gives a speech at 10am BST.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.