UK Manufacturing Production drops 1.6% MoM in June vs. -1.8% expected
|The industrial sector recovery dwindled in June, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday.
Manufacturing output arrived at -1.6% MoM in June versus -1.8% expectations and 1.7% booked in May while total industrial output came in at -0.9% vs. -1.3% expected and 2.6% last.
On an annualized basis, the UK manufacturing production figures came in at 1.3.% in June, beating expectations of 0.9%. Total industrial output rose by 2.4% in the sixth month of the year against a 1.6% reading expected and the previous 1.8% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-22.847 billion in June versus GBP-22.3 billion expectations and GBP-20.666 billion last. The total trade balance (non-EU) came in at GBP-12.29 billion in June versus GBP-9.603 billion previous.
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