UK Manufacturing Production drops 0.2% MoM in March vs. 0% expected

Dhwani Mehta FXStreet

The UK’s industrial sector recovery faltered in March, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Thursday.

Manufacturing output arrived at -0.2% MoM in March versus 0% expectations and -0.6% booked in February while total industrial output came in at -0.2% vs. 0.1% expected and -0.3% last.

On an annualized basis, the UK manufacturing production figures came in at 1.9% in March, missing expectations of 2.3%. Total industrial output rose by 0.7% in the third month of this year against a 0.4% reading expected and the previous 2.1% print.

Separately, the UK goods trade balance numbers were published, which arrived at GBP-23.897 billion in March versus GBP-18.5 billion expectations and GBP-21.614 billion last. The total trade balance (non-EU) came in at GBP-13.804 billion in March versus GBP-13.124 billion previous.

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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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