The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, with the overall industrial activity witnessing an unexpected upturn in July.
Manufacturing output arrived at +0.3% m/m in July versus -0.1% expectations and -0.2% booked in June, while total industrial output came in at +0.1% vs. -0.1% expected and -0.1% last.
On an annualized basis, the UK manufacturing production figures came in at -0.6% in July, beating expectations of -1.1%. Total industrial output dropped by -0.9% in July, against a -1.1% reading expected and the previous -0.6% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP -9.140 billion in July, versus GBP -9.600 billion expectations and GBP -8.920 billion last. Total trade balance (non-EU) came in at GBP -1.932 billion in July versus GBP -1.771 billion previous.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.