UK Manufacturing Production rises by 0.5% MoM in August vs. 0% expected

Dhwani Mehta FXStreet

Britain’s industrial sector recovery gathered 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 0.5% MoM in August versus 0% expectations and -0.6% booked in July while total industrial output came in at 0.8% vs. 0.2% expected and 0.3% last.

On an annualized basis, the UK manufacturing production figures came in at 4.1% in August, missing expectations of 6.0%. Total industrial output jumped by 3.7% in the eighth month of the year against a 3.0% reading expected and the previous 4.4% print.

Separately, the UK goods trade balance numbers were published, which arrived at GBP-14.927 billion in August versus GBP-12.0 billion expectations and GBP-12.706 billion last. Total trade balance (non-EU) came in at GBP-8.395 billion in August versus GBP-6.99 billion previous.

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