UK Jan industrial data: Downbeat across all indicators

Dhwani Mehta FXStreet

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, showing that the overall industrial activity improved in the month of January, but missed expectations. Meanwhile, the manufacturing figures showed a bigger-than-expected drop.

Manufacturing output arrived at 0.1% m/m in Jan versus a 0.3% gain seen in Dec, while total industrial output rose by 1.3% in the reported month, against a -1.3% decrease seen previously.

On an annualized basis, the UK manufacturing production figures came in at 2.7% in Jan, missing expectations. Total industrial output also increased by 1.6% in Jan, below expectations of a 1.8% reading and against the previous 0.0% print.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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