UK manufacturing output to rise strongly

This month's set of output data covers the month of September. At this stage, we have the first estimate of Q3 GDP and the July and August monthly manufacturing and industrial production data. The ONS GDP release includes its guesstimate for September IP and a qoq estimate for Q3 manufacturing which allows us to calculate the September guesstimate for this component as well. These figures are -0.1% and 0.9% respectively. These can be, and usually are, modified as more data becomes available but the immediate changes tend to be quite modest. The manufacturing surveys are weaker than the published data which leads to forecast slightly lower numbers than those discussed above. 

"We predict growth of -0.2% and 0.8% mom respectively in industrial production and manufacturing output", notes Societe Generale.