UK Manufacturing Production rises by 0.5% MoM in August vs. 0% expected
|Britain’s industrial sector recovery gathered momentum in August, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Wednesday.
Manufacturing output arrived at 0.5% MoM in August versus 0% expectations and -0.6% booked in July while total industrial output came in at 0.8% vs. 0.2% expected and 0.3% last.
On an annualized basis, the UK manufacturing production figures came in at 4.1% in August, missing expectations of 6.0%. Total industrial output jumped by 3.7% in the eighth month of the year against a 3.0% reading expected and the previous 4.4% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-14.927 billion in August versus GBP-12.0 billion expectations and GBP-12.706 billion last. Total trade balance (non-EU) came in at GBP-8.395 billion in August versus GBP-6.99 billion previous.
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