UK Manufacturing Production drops unexpectedly by 0.3% MoM in April

Dhwani Mehta FXStreet

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, suggesting that Britain’s industrial sector recovery faltered in April.

Manufacturing output arrived at -0.3% MoM in April versus 1.5% expectations and 2.1% booked in March while total industrial output came in at -1.3% vs. 1.2% expected and 1.8% last.

On an annualized basis, the UK manufacturing production figures came in at 39.7% in April, missing expectations of 41.8%. Total industrial output jumped by 27.5% in the fourth month of the year against a 30.5% reading expected and the previous 3.6% print.

Separately, the UK goods trade balance numbers were published, which arrived at GBP-10.958 billion in April versus GBP-12.10 billion expectations and GBP-11.71 billion last. Total trade balance (non-EU) came in at GBP-5.549 billion in April versus GBP-6.548 billion previous.

GBP/USD stays below 1.4200 after UK GDP misses estimates with 2.3% in April

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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