UK Manufacturing Production drops 0.5% MoM in November vs. -0.2% expected

Dhwani Mehta FXStreet

The industrial sector faded its recovery momentum in November, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday.

Manufacturing output arrived at -0.5% MoM in November versus -0.2% expectations and 0.7% registered in October while total industrial output came in at -0.2% MoM vs. -0.3% expected and -0.1% last.

On an annualized basis, the UK manufacturing production figures came in at -5.9% in November, missing expectations of -4.8%. Total industrial output plunged by 5.1% in the eleventh month of the year against -3.0% expected and the previous -4.7% print.

Separately, the UK goods trade balance numbers were published, which arrived at GBP- 15.623 billion in November versus GBP-14.90 billion expectations and GBP-12.258 billion last. The total trade balance (non-EU) came in at GBP-4.666 billion in November versus GBP-2.999 billion previous.

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