UK Manufacturing Production rises 2.4% MoM in June vs. 0.2% expected
The United Kingdom’s (UK) industrial sector activity showed an improvement in June, the latest data published by Office for National Statistics (ONS) showed on Friday.
Manufacturing output rose 2.4% MoM in June versus 0.2% expected and -0.1% seen in May while total industrial output came in at 1.8% MoM vs. 0.1% expected and -0.6% last.
On a yearly basis, the UK Manufacturing Production data jumped by 3.1% in June, beating expectations of 0.3%. Total Industrial Output rose by 0.7% in the sixth month of the year, surpassing the -1.1% expected and the previous reading of -2.1%.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-15.455 billion in June versus GBP-16.40 billion expectations and GBP-18.411 billion prior. The total trade balance (non-EU) came in at GBP-2.772 billion in June versus GBP-6.615 billion previous.
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Author
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.
