UK industrial production jumps 0.3% month-on-month

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Source: Investing.com
Industrial production in the United Kingdom increased 0.3% on a monthly basis in the third month of the year, better than the last month's drop of 0.2%, bur worse than forecasts of a 0.5% gain. On an annual basis, Britain's industrial production dropped 0.2%, surpassing analysts' outlooks of a 0.4% fall and following the previous month's 0.1% increase.


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Wed, 11 May 2016 16:01:03 GMT

British Pound appreciates against major currencies

On Wednesday, the Sterling traded higher against the US Dollar and the Euro, as soon as Britain's Office for National Statistics released the country's industrial production and manufacturing production data. The British Pound was seen at 1.4411 against the Greenback, while the Euro traded at 0.7902 against the Sterling. Meanwhile, the LSE dropped 0.4%, the Euro Stoxx 50 Index declined 0.9%,

Wed, 11 May 2016 14:01:05 GMT

UK manufacturing sector increases 0.1% in March

Britain's manufacturing production jumped 0.1% month-over-month in March, whereas analysts expected to see a 0.3% rise after the previous month's revised down drop of 0.9%. In the meantime,on a year-over-year basis, the UK's manufacturing production declined at a 1.9% rate, meeting analysts' expectations and following February's -1.6% reading.

Tue, 10 May 2016 15:26:06 GMT

US job openings reach second record high

According to the latest JOLTS report released on Tuesday, March registered 5.8 million job openings, whereas analysts expected only 5.5 million openings. The third month of the year showed the second best result after July 2015. In the meantime, the quits rate dropped to 2.1% from 2.2%, and the layoffs and discharges was 1.2% in March.

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