The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Tuesday, as the overall industrial sector condition improved in May.
Manufacturing output arrived at +8.4% MoM in May versus -20.9% expectations and -24.4% booked in April, while total industrial output came in at +6.0% vs. +6.0% expected and -20.2% last.
On an annualized basis, the UK manufacturing production figures came in at -22.8% in May, beating expectations of -23.9%. Total industrial output plunged 20.0% in May, against a -20.0% reading expected and the previous -23.8% print.
The GBP/USD pair whipsaws but remains below 1.2550 on the mixed UK economic releases.
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