Share:
  • The UK manufacturing output falls -0.1% over the month in March, in line with market expectations.
  • The UK industrial production rises 0.1% over the month in March.

The report from the Office for National Statistics said that there has been no evidence that the heavy snowfall in March 2018 had no significant impact on manufacturing output.

When compared to a year ago, both the UK manufacturing output and the index of industrial production rose 2.9% y/y, accelerating from 2.5% y/y and 2.1% y/y respectively in the previous month.

The manufacturing output report also said that the Index of Production estimate for the first quarter of 2018 was revised down by 0.1% from the increase of 0.7% originally published in the preliminary estimate of the Gross domestic product in combination with the publication of the Construction output. The headline GDP growth rate has not been impacted to one decimal place.

The slowdown in the UK manufacturing was indicated by the manufacturing PMI that decelerated sharply in both March and in April. According to manufacturing PMI report from IHS/Markit, the UK manufacturing activity gauge fell to 54.9 in March and decelerated further to 53.9 in April. The manufacturing PMI for April was at the lowest level in last 17 months.

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content

Editors’ Picks

EUR/USD consolidates at three-week lows near 1.0800 Premium

EUR/USD consolidates at three-week lows near 1.0800

EUR/USD bottomed at 1.0775, the lowest level since November 15, and then rebounded towards 1.0800. The US Dollar remains resilient in the market despite lower yields and mixed US data. On Wednesday, more job figures are due with the ADP report and Unit Labor Costs data, ahead of Friday's NFP.

EUR/USD News

GBP/USD holds to losses around 1.2600

GBP/USD holds to losses around 1.2600

GBP/USD dropped further on Tuesday, reaching a one-week low below 1.2600 amid a stronger US Dollar. The Greenback holds firm even as the US Treasury yield slides. More US jobs data is due on Wednesday with the ADP report.

GBP/USD News

Gold extends slide, more pressure seen under $2,010 Premium

Gold extends slide, more pressure seen under $2,010

Following Monday's decline, Gold struggled to stage a convincing rebound and retreated below $2,020 in the second half of the day on Tuesday. Although the benchmark 10-year US Treasury bond yield is down more than 1%, renewed USD strength doesn't allow XAU/USD to limit its losses.

Gold News

Top 5 tokens trending alongside Bitcoin: ORDI, STX, LUNC, PEPE, CFX

Top 5 tokens trending alongside Bitcoin: ORDI, STX, LUNC, PEPE, CFX

Bitcoin price crossed the $41,400 level early on Tuesday. The largest cryptocurrency by market capitalization extended its gains and continued its rally, after yielding 12% weekly gains for holders. The anticipation surrounding Spot Bitcoin ETF approvals is one of the key catalysts fueling the hype among BTC holders.

Read more

Nio Stock Earnings: NIO holds onto 3% gain despite Moody cutting China outlook

Nio Stock Earnings: NIO holds onto 3% gain despite Moody cutting China outlook

Nio (NIO) stock's initial 5% gain on Tuesday has transitioned to a 3% gain near $7.55. The Chinese electric vehicle (EV) manufacturer released third-quarter earnings that showed sales of higher margin SUVs surged 258% from the most recent quarter and 64% from a year ago. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures