UK Manufacturing Output Expands for Sixth...>

UK DATA: UK Manufacturing Output Expands for Sixth Consecutive Month   

UK October Industrial Production Flat m/m; +3.6% y/y   

UK October Manufacturing output +0.1% m/m; +3.9% y/y 

UK October Construction output -0.2% m/m; -1.7% y/y 

-----------------------------------------------------------------------

Manufacturing output expanded for the 6th straight month in October, 

doing so for the first time since records began in 1997. The main risers 

on the month were transport equipment, metals and pharmaceutical 

products. Motor vehicle production rose 3.2% in the three months to Oct 

following a 4.2% 3m/3m rise in Sep, with data showing UK exports of 

vehicles, particularly to Europe, very healthy. Down on the month was 

energy and utilities, owing to a warmer than usual Oct. Total gas and 

electricity output was down 3.3% m/m, accounting for -0.39pp of the no 

change in monthly IOP. Construction output fell back once again in Oct 

although may pick up given new orders did grow a record 37.4% q/q in Q3.