UK Manufacturing Production jumps by 0.8% MoM in January vs. 0.2% expected
|Britain’s industrial sector ramped its recovery momentum in January, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday.
Manufacturing output arrived at 0.8% MoM in January versus 0.2% expectations and 0.2% booked in December while total industrial output came in at 0.7% vs. 0.1% expected and 0.3% last.
On an annualized basis, the UK manufacturing production figures came in at 3.6% in January, beating expectations of 3.1%. Total industrial output rose by 2.3% in the first month of this year against a 1.9% reading expected and the previous 0.4% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-26.499 billion in January versus GBP-12.60 billion expectations and GBP-12.534 billion last. Total trade balance (non-EU) came in at GBP-13.65 billion in January versus GBP-7.876 billion previous.
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