- Analytics
- News and Tools
- Market News
- UK Manufacturing Production rises by 0.5% MoM in August vs. 0% expected
UK Manufacturing Production rises by 0.5% MoM in August vs. 0% expected
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.
Related reads
- GBP/USD defends 1.3600 after UK GDP misses estimates with 0.4% in August
- GBP/USD sticks to the 1.3500-1.3680 range – UOB
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
