U.K Manufacturing Production m/m -0.7%, Industrial Production y/y -1% - 12.6.2012

Manufacturing Production in U.K fell by 0.7 per cent in April from 0.9 per cent increase in March and more than the 0.1 per cent drop that was expected in April, as the Office of National Statistics reported. The U.K Industrial Production compared to the 2011 April fell by 1 per cent as it was anticipated, in March the yearly Industrial Production dropped by 2.6 per cent.

The latest data show a weakness for the U.K economy for April, the first month of the second quarter in the 2012. The British pound fell slightly against the US dollar during the news, at the 1.5454 level and then quickly returned to the previous level, for the time being is trading at the 1.5500 level.