UK manufacturing production slumps 3.9% m/m in April, a big miss
The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, with the overall industrial activity showing sluggishness in the month of April.
Manufacturing output arrived at -3.9% m/m in Apr versus 0.2% expectations and 0.9% booked in Mar, while total industrial output came in at -2.7% vs. 0.1% expected and 0.7% last.
On an annualized basis, the UK manufacturing production figures came in at -0.8% in Apr, missing expectations of +1.3% by a big margin. Total industrial output jumped by -1.0% in Apr, missing expectations of a +0.5% reading and against the previous 1.3.% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP – 12.110 billion in Apr versus GBP -13.800 billion expectations and GBP -15.430 billion last. Total trade balance (non-EU) came in at GBP -4.595 billion in Apr versus GBP -4.361 billion previous.
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.
