Strong UK industrial data

January 11, 2017

Industrial output MoM: 2.1%, consensus 1%, previous reading -1.1 ( revised up from -1.3%)

YoY:  2.0%, cons. 0.7%, previous -0.9% (up from -1.1%)

Manufacturing output MoM: 1.3%, consensus 0.5%, previous -1 (down from -0.9%)

YoY:

Trade balance measures more negative than expected

Construction output grew 1.5% YoY  instead of 2%

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