UK Manufacturing Production jumps 0.7% MoM in March vs. -0.1% expected
The industrial sector activity rebounded in March, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday.
Manufacturing output arrived at 0.7% MoM in March versus -0.1% expected and -0.1% seen in February while total industrial output came in at 0.7% MoM vs. 0% expected and -0.1% last.
On an annualized basis, the UK Manufacturing Production data came in at -1.3% in March, beating expectations of -2.5%. Total industrial output dropped by 2.0% in the third month of the year against -2.9% expected and the previous print of -2.7%.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-16.356 billion in March versus GBP-17.50 billion expectations and GBP-16.635 billion last. The total trade balance (non-EU) came in at GBP-5.458 billion in March versus GBP-5.794 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.
