{"id":64976,"date":"2014-12-10T02:24:14","date_gmt":"2014-12-10T07:24:14","guid":{"rendered":"http:\/\/countingpips.com\/?p=64976"},"modified":"2014-12-10T07:34:29","modified_gmt":"2014-12-10T12:34:29","slug":"uk-manufacturing-output-slumps","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/12\/uk-manufacturing-output-slumps\/","title":{"rendered":"UK manufacturing output slumps"},"content":{"rendered":"<div id=\"inves-953046009\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 10, 2014<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Britain\u2019s manufacturers have suffered a drop in output as they grapple with economic malaise in their big export markets in the eurozone.<br \/>\nThe manufacturing slowdown does not appear to have dented the economy\u2019s overall growth rate but it is another setback to hopes that the UK could \u201crebalance\u201d away from its reliance on services and domestic demand. The National Institute of Economic and Social Research (Niesr) think-tank forecast on Tuesday that the economy grew 0.7 per cent in the three months to the end of October, the same pace as the previous month.<\/p>\n<p>That suggests the UK is still on track to grow 3 per cent over the year, faster than any other rich industrialised country.<\/p>\n<p>Most economists expect the pace of growth to slow to about 2.5 per cent next year, partly because of the weakness in the eurozone, the UK\u2019s biggest trading partner.<\/p>\n<p>Official data show total industrial production fell 0.1 per cent between September and October, driven by an unexpected 0.7 per cent drop in manufacturing output.<\/p>\n<p>Manufacturing output was still 1.7 per cent higher than a year ago and economists warned that the monthly data could be volatile. But manufacturers are having an increasingly hard time as the eurozone\u2019s problems sap demand for their exports.<\/p><div id=\"inves-1455237803\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Output fell in eight of the 14 manufacturing subsectors with the biggest drop in computers and electrical products. The EEF trade association said the electronics sector\u2019s large exposure to the German market had \u201ctaken its toll on production\u201d.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Britain\u2019s manufacturers have suffered a drop in output as they grapple with economic malaise in their big export markets in the eurozone. The manufacturing slowdown does not appear to have dented the economy\u2019s overall growth rate but it is another setback to hopes that the UK could \u201crebalance\u201d away from its reliance [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-64976","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/64976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=64976"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/64976\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=64976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=64976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=64976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}