UK Manufacturing Production rises by 0.1% MoM in September vs. 0.2% expected

Dhwani Mehta FXStreet

Britain’s industrial sector recovery lost momentum in September, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Thursday.

Manufacturing output arrived at 0.1% MoM in September versus 0.2% expectations and 0.5% booked in August while total industrial output came in at -0.4% vs. 0.2% expected and 0.8% last.

On an annualized basis, the UK manufacturing production figures came in at 2.8% in September, missing expectations of 3.1%. Total industrial output rose by 2.9% in the ninth month of the year against a 3.8% reading expected and the previous 3.7% print.

Separately, the UK goods trade balance numbers were published, which arrived at GBP-14.736 billion in September versus GBP-14.3 billion expectations and GBP-14.927 billion last. Total trade balance (non-EU) came in at GBP-9.10 billion in September versus GBP-8.395 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.

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