UK Manufacturing Production rises 0.1% MoM in July vs. 0.6% expected
The industrial sector recovery regained traction in July, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Monday.
Manufacturing output arrived at 0.1% MoM in July versus 0.6% expectations and -1.6% booked in June while total industrial output came in at -0.3% vs. 0.4% expected and -0.9% last.
On an annualized basis, the UK manufacturing production figures came in at 1.1% in July, missing expectations of 1.7%. Total industrial output rose by 1.1% in the seventh month of the year against a 2.0% reading expected and the previous 2.4% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-19.362 billion in July versus GBP-22.695 billion expectations and GBP-22.847 billion last. The total trade balance (non-EU) came in at GBP-10.194 billion in July versus GBP-12.290 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.
