UK: Upside risks to manufacturing production - TDS

Analysts at TDS see upside risks to UK’s manufacturing production at +0.5% m/m in January (mkt +0.2%), which would make for 9 straight months of gains.

Key Quotes

“Domestic auto production rebounded during the month, and there should be support from stronger IP activity among some of the earlier reporting EM countries as well. Markets are looking for an even larger 1.5% rebound in headline IP after some North Sea shutdowns weighed on headline activity in December. For construction activity we're also a bit more upbeat in looking for a flat m/m print (mkt -0.5%).”