UK Manufacturing Production drops unexpectedly by 0.3% MoM in April
|The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, suggesting that Britain’s industrial sector recovery faltered in April.
Manufacturing output arrived at -0.3% MoM in April versus 1.5% expectations and 2.1% booked in March while total industrial output came in at -1.3% vs. 1.2% expected and 1.8% last.
On an annualized basis, the UK manufacturing production figures came in at 39.7% in April, missing expectations of 41.8%. Total industrial output jumped by 27.5% in the fourth month of the year against a 30.5% reading expected and the previous 3.6% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-10.958 billion in April versus GBP-12.10 billion expectations and GBP-11.71 billion last. Total trade balance (non-EU) came in at GBP-5.549 billion in April versus GBP-6.548 billion previous.
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