UK Manufacturing Production rises 0.2% MoM in June vs. 0.4% expected
The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Thursday, suggesting that Britain’s industrial sector recovery is on a steady recovery path.
Manufacturing output arrived at 0.2% MoM in June versus 0.4% expectations and 0.1% booked in May while total industrial output came in at 0.7% vs. 0.3% expected and 0.6% last.
On an annualized basis, the UK manufacturing production figures came in at 13.9% in June, missing expectations of 13.5%. Total industrial output jumped by 8.3% in the sixth month of the year against a 9.4% reading expected and the previous 20.7% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-11.988 billion in June versus GBP-9.1 billion expectations and GBP-9.601 billion last. Total trade balance (non-EU) came in at GBP-7.095 billion in June versus GBP-5.976 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.
