UK Manufacturing Production rises 0.7% MoM in November vs. 0.9% expected

Dhwani Mehta FXStreet

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, suggesting a dwindling recovery in Britain’s industrial sector in November.

Manufacturing output arrived at 0.7% MoM in November versus 0.9% expectations and 1.7% booked in October, while total industrial output came in at -0.1% vs. 0.5% expected and 1.3% last.

On an annualized basis, the UK manufacturing production figures came in at -3.8% in November, beating expectations of -4.8%. Total industrial output dropped by 4.7% in November, against a -4.2% reading expected and the previous -5.8% print.

Separately, the UK goods trade balance numbers were published, which arrived at GBP-16.01 billion in November versus GBP-10.175 billion expectations and GBP-11.999 billion last. Total trade balance (non-EU) came in at GBP-8.012 billion in November versus GBP-1.40 billion expected.

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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.

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