UK Manufacturing Production meets estimates with 0% in October

Dhwani Mehta FXStreet

Britain’s industrial sector recovery lacked momentum in October, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday.

Manufacturing output arrived at 0% MoM in October versus 0% expectations and -0.1% booked in September while total industrial output came in at -0.6% vs. 0.1% expected and -0.4% last.

On an annualized basis, the UK manufacturing production figures came in at 1.3% in October, missing expectations of 1.7%. Total industrial output rose by 1.4% in the tenth month of the year against a 2.2% reading expected and the previous 2.9% print.

Separately, the UK goods trade balance numbers were published, which arrived at GBP-13.934 billion in October versus GBP-14.059 billion expectations and GBP-14.736 billion last. Total trade balance (non-EU) came in at GBP-8.618 billion in October versus GBP-9.103 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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