UK Manufacturing Production drops 1.6% MoM in August vs. 0% expected
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The industrial sector recovery lost momentum in August, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Wednesday.
Manufacturing output arrived at -1.6% MoM in August versus 0% expectations and 0.1% booked in July while total industrial output came in at -1.8% vs. -0.2% expected and -0.3% last.
On an annualized basis, the UK manufacturing production figures came in at -6.7% in August, missing expectations of 0.8%. Total industrial output plunged by 5.2% in the eighth month of the year against a 0.6% reading expected and the previous 1.1% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-19.257 billion in August versus GBP-20.45 billion expectations and GBP-17.594 billion last. The total trade balance (non-EU) came in at GBP-11.079 billion in August versus GBP-9.10 billion previous.
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