UK Manufacturing Production falls 1% MoM in April vs. 0.2% expected

Dhwani Mehta FXStreet

The UK’s industrial sector recovery remained in the doldrums in April, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Monday.

Manufacturing output arrived at -1.0% MoM in April versus 0.2% expectations and -0.2% booked in March while total industrial output came in at -0.6% vs. 0.2% expected and -0.2% last.

On an annualized basis, the UK manufacturing production figures came in at 0.5% in April, missing expectations of 1.8%. Total industrial output rose by 0.7% in the fourth month of this year against a 0.5% reading expected and the previous 0.7% print.

Separately, the UK goods trade balance numbers were published, which arrived at GBP-20.893 billion in April versus GBP-22.5 billion expectations and GBP-23.897 billion last. The total trade balance (non-EU) came in at GBP-10.988 billion in April versus GBP-13.804 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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