UK Industrial Production & Trade Balance - Better Data leads to brief rally

This Thrusday morning, February 9th 2012 at 9:30 GMT (4:30 EST) the Industrial Production and Manufacturing Production figures were released from the UK. This release also coincided with the release of the Trade Balance figures. Most of the data was good with the exception of one of the Year-on-Year figures. However the UK Interest rates were due about 2 and a half hours after this release so many were cautious as the BOE was expected to raise the APF. More in that in the next post.

Here is the data:


UK Industrial Production (MoM)
Estimates- Median: +0.2% Average: +0.2% Range: -0.3% to +0.4%
Actual: +0.5% Prior: -0.6% Revised: -0.5%

UK Industrial Production (YoY)
Estimates- Median: -3.1% Average: -3.1% Range: -3.6% to -2.8%
Actual: -3.3% Prior: -3.1% Revised: -3.6%

UK Manufacturing Production (MoM)
Estimates- Median: +0.2% Average: +0.2% Range: -0.8% to +0.5%
Actual: +1.0% Prior: -0.2% Revised: -0.1%

UK Mnaufacturing Production (YoY)
Estimates- Median: +0.3% Average: +0.3% Range: -0.7% to +0.6%
Actual: +0.8% Prior: -0.6% Revised: -1.0%

UK Visible Trade Balance GBP/Mn
Estimates- Median: -£8600 Average: -£8606 Range: -£9000 to -£8000
Actual: -£7111 Prior: -£8644 Revised: -£8908

UK Trade Balance Non EU GBP/Mn
Estimates- Median: -£5000 Average: -£5047 Range: -£5300 to -£4900
Actual: -£3748 Prior: -£5021 Revised: -£5037

UK Total Trade Balance (GBP/Mln)
Estimates- Median: -£2700 Average: -£3172 Range: -£9230 to -£2000
Actual: -£1109 Prior: -£2566 Revised: -£2830

Here is the 10 second chart of the GBPUSD:

Also included are the 30 second charts of GBPJPY, GBPCHF & EURGBP