UK Manufacturing Production rises by 1.1% MoM in November, a big beat
Britain’s industrial sector witnessed a solid recovery in November, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday.
Manufacturing output arrived at 1.1% MoM in November versus 0.2% expectations and 0.1% booked in October while total industrial output came in at 0.7% vs. 0.2% expected and -0.5% last.
On an annualized basis, the UK manufacturing production figures came in at 0.4% in November, beating expectations of -0.3%. Total industrial output rose by 0.1% in the eleventh month of the year against a 0.5% reading expected and the previous 0.2% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-11.337 billion in November versus GBP-14.20 billion expectations and GBP-13.93 billion last. Total trade balance (non-EU) came in at GBP-5.665 billion in November versus GBP-8.618 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.
