UK Manufacturing Production arrives at 0% MoM in September vs. -0.4% expected

Dhwani Mehta FXStreet

The industrial sector recovery seems to have regained some momentum in September, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday.

Manufacturing output arrived at 0% MoM in September versus -0.4% expectations and -1.6% booked in August while total industrial output came in at 0.2% vs. -0.2% expected and -1.8% last.

On an annualized basis, the UK manufacturing production figures came in at -5.8% in September, missing expectations of -6.6%. Total industrial output dropped by 3.1% in the ninth month of the year against a -4.3% reading expected and the previous -4.3% print.

Separately, the UK goods trade balance numbers were published, which arrived at GBP-15.656 billion in September versus GBP-18.75 billion expectations and GBP-19.257 billion last. The total trade balance (non-EU) came in at GBP-8.551 billion in September versus GBP-11.079 billion previous.

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