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- UK Manufacturing Production rises 1.4% MoM in May vs. 0.1% expected
UK Manufacturing Production rises 1.4% MoM in May vs. 0.1% expected
The UK’s industrial sector recovery gathered steam in May, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Wednesday.
Manufacturing output arrived at 1.4% MoM in May versus 0.1% expectations and -0.6% booked in April while total industrial output came in at 0.9% vs. 0% expected and -0.1% last.
On an annualized basis, the UK manufacturing production figures came in at 2.3% in May, beating expectations of 0.3%. Total industrial output rose by 1.4% in the fifth month of this year against a -0.5% reading expected and the previous 1.6% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-21.445 billion in May versus GBP-20.401 billion expectations and GBP-21.552 billion last. The total trade balance (non-EU) came in at GBP-10.367 billion in May versus GBP-11.408 billion previous.
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