U.K. Manufacturing Sector Contracts Sharply After Brexit Stockpiling Ends

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  • #20824
    Helmholtz Watson
    Participant

    The UK manufacturing sector in May had…

    [article]1536[/article]

    #20828
    KnovaWave
    Participant

    So basically the UK growth was Brexit stockpiling and UK was avoid tariff stockpiling for the most part

    #20918
    TradersCom
    Keymaster

    UK Industrial production Collapsed 2.7% from a month earlier in April 2019

    The largest decrease since September 2012 and lower than market expectations of a 0.7 percent fall.

    Industrial production -2.7% vs -1.0% m/m expected Prior +0.7%

    Industrial production -1.0% vs +0.9% y/y expected Prior +1.3%

    Manufacturing output posted its largest drop since June 2002 (-3.9 percent vs 0.9 percent)

    Manufacturing production -3.9% vs -1.4% m/m expected Prior +0.9%

    Manufacturing production -0.8% vs +2.0% y/y expected Prior +2.6%

    Transport equipment fell 13.4 percent, the most since January 1974. Within this subsector, motor vehicles, trailers and semi-trailers dropped by a record 24 percent, due mainly to the impact of planned shutdowns within this industry.

    Providing supporting weakness within manufacturing were: pharmaceutical products (-8.7 percent); basic metals and metal products (-4.1 percent) led by a 3.5 percent decrease from fabricated metal products, the largest fall since January 2017; and chemicals and chemical products, which declined the most since January 1979 (-5.9 percent).

    Industrial Production Mom in the United Kingdom averaged 0.07 percent from 1968 until 2019, reaching an all time high of 9.90 percent in March of 1972 and a record low of -8 percent in February of 1972.

    #20919
    TradersCom
    Keymaster

    UK April Construction output -0.4% vs +0.5% m/m expected Prior -1.9%

    Construction output +2.4% vs +3.3% y/y expected Prior +3.2%

    All repair and maintenance slowed markedly (0.7 percent vs 3 percent in March). Meanwhile all new work advanced at the same pace (3.3 percent), with contributions of infrastructure (10.2 percent vs 15.6 percent in March) and total housing (7.5 percent vs 4.7 percent). On a monthly basis, construction output decreased 0.4 percent, after a 1.9 percent fall in March and against market expectations of a 0.6 percent gain.

    Construction Output in the United Kingdom averaged 2.11 percent from 1997 until 2019, reaching an all time high of 24 percent in March of 2002 and a record low of -19.20 percent in January of 2010.

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