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Manufacturing Drives IOP Improvment in Q3;..>

UK DATA
UK DATA: Manufacturing Drives IOP Improvment in Q3; Construction Down   
-UK Q3 Industrial Production +1.1% q/q vs -0.3% q/q in Q2   
-UK Q3 Manufacturing output +1.1% q/q vs -0.3% q/q in Q2  
-UK Q3 Construction output -0.9% q/q vs -0.5% q/q in Q2
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IoP expanded for the sixth straight month in Aug, courtesy of 
another robust manufacturing showing, pushing overall growth in Q3 back 
in to positive territory. On the month, total industrial production was 
up 0.7%, largely driven by manufacturing output which also expanded by 
0.7% m/m. Healthier manufacturing output was responsible for the better 
IOP turnout in Q3, accounting for 0.78pp of the 1.1% q/q rise. 
Construction output dipped for the second straight quarter, led by falls 
in commercial work and housing repairs. Taken together, the revisions 
will have no significant impact on revisions to Q3 GDP.    

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