Recent Updates

  • Japan: ** Japan's consumption activity index rebased from 2010=100 to 2011=100.**
  • U.A.E: CPI (Mar); Lebanon: CPI (Mar); Israel: PMI (Mar)
  • Markit PMI: Flash PMIs: France, Japan, Germany, Euro Area (Apr)
  • Spain: Industrial New Orders and Turnover, Service Sector Activity (Feb)
  • Norway: International Reserves (Mar)
  • US: NABE Business Conditions Survey (Q1)
  • New Zealand: Credit Card Statistics (Mar); Australia: Future
  • more updates...

Economy in Brief

UK Industrial Production Growth Slows to a Crawl 
by Robert Brusca February 7, 2008

UK industrial production slowed sharply in December and major trends are all pointing lower. IP in December was weaker than had been assumed in the UK GDP report, raising the possibility that GDP could be revised lower. The quarterly growth rate for manufacturing is -0.4% in Q4. The sequential growth rates from 12 months to 6 months to 3 months show a slowing across manufacturing components with the exception of capital goods. Detailed sectors show food and drink, textile and leather and motor vehicle sectors in a progressive state of decline and deceleration. The quarter’s growth rate for these components is deeply negative and so would the overall result if it were not for strength in the utilities output and some growth in mining and quarrying.

UK IP and MFG
Saar except m/m Mo/Mo Dec
07
Nov
07
Dec
07
Nov
07
Dec
07
Nov
07
 
UK Manufacturing Dec
07
Nov
07
Oct
07
3mo 3mo 6mo 6mo 12mo 12mo Q-4
Date
Manufacturing -0.2% -0.1% 0.3% 0.0% -1.9% -0.8% -0.4% 0.0% 0.1% -0.5%
Consumer Goods
Consumer Durables 1.5% -1.4% -1.0% -3.8% -16.1% -3.0% 0.6% -3.0% -4.1% -10.1%
Consumer Nondurables -0.4% -0.1% 0.1% -1.6% -1.2% -0.2% -0.8% -1.6% -0.4% -0.7%
Intermediate Goods -0.4% -0.1% 0.7% 0.8% 0.0% -1.3% -0.8% 1.5% 0.8% 0.0%
Capital Goods 0.6% 0.1% 0.7% 6.0% 1.5% 1.3% 0.7% 2.3% 0.7% 3.6%
Memo: Detail 1Mo% 1Mo% 1-Mo% 3mo 3mo 6mo 6mo 12mo 12mo Q-4
Date
Food Drink & Tobacco -0.3% 0.0% -0.5% -3.1% -2.3% -0.8% -0.4% -1.6% -0.5% -2.5%
Textile & Leather -1.2% -0.9% -0.1% -8.5% -10.4% -8.0% -2.5% -3.1% -0.8% -9.2%
Motor Vehicles & Trailer 0.8% 0.3% -2.7% -6.4% -14.9% 3.8% 9.5% 9.4% 7.0% -8.1%
Mining and Quarry 0.3% -1.6% 2.7% 5.5% 1.6% -2.3% -5.1% 4.0% 0.0% 1.1%
Electricity, Gas & Water 0.6% 1.1% 0.2% 7.9% 10.2% 5.8% 3.3% 3.7% 2.9% 7.2%
close
large image