The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Monday, with the overall industrial activity showing terrible results in the month of December.
Manufacturing output arrived at -0.7% m/m in Dec versus 0.2% expectations and -0.1% (revised from -0.3%) booked in Nov, while total industrial output came in at -0.5% vs. 0.2% expected and -0.3% last.
On an annualized basis, the UK manufacturing production figures came in at -2.1% in Dec, missing expectations of -1.1% by a big margin. Total industrial output dropped further by -0.9% in Dec, missing expectations of a -0.5% reading and against the previous -1.3% (revised up from -1.5%) print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP –12.100 billion in Dec, versus GBP -12.000 billion expectations and GBP -12.020 billion last. Total trade balance (non-EU) came in at GBP -3.600 billion in Dec versus GBP -3.925 billion previous.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.