- Prior +0.4%
- Services +0.1% vs +0.1% m/m expected
- Prior +0.4%
- Industrial output -0.9% vs -0.1% m/m expected
- Prior +0.5%
- Manufacturing output -1.1% vs 0.0% m/m expected
- Prior +0.7%
- Construction output -0.2% vs -0.2% m/m expected
- Prior -0.2%
The softer reading is largely due to weakness in the industry and manufacturing sectors. Services output was in line with estimates, growing marginally in January. It's not the best look for the UK economy and this will just continue to invite stagflation worries for the year.
