UK industrial production expected to rise 0.3% - Unicredit

Research Team at Unicredit, expects UK industrial production to rise 0.3% mom (+1.4% yoy) in December, and manufacturing output to rise 0.5% mom (-1.0% yoy).

Key Quotes

“Manufacturing activity remained subdued in December according to the PMI; however, it is nonetheless consistent with a slight pickup in the official manufacturing output measure at the end of the year. Partially offsetting this, energy production will likely again provide a downward contribution to industrial production due to the unseasonably warm weather.”