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- UK Manufacturing Production arrives at 0% MoM in February vs. 0.2% expected
UK Manufacturing Production arrives at 0% MoM in February vs. 0.2% expected
The industrial sector activity showed no growth in February, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Thursday.
Manufacturing output arrived at 0% MoM in February versus 0.2% expected and -0.1% seen in January while total industrial output came in at -0.2% MoM vs. 0.2% expected and -0.5% last.
On an annualized basis, the UK Manufacturing Production data came in at -2.4% in February, beating expectations of -4.7%. Total industrial output dropped by 3.1% in the second month of the year against -3.7% expected and the previous print of -3.2%.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-17.534 billion in February versus GBP-17.00 billion expectations and GBP-16.093 billion last. The total trade balance (non-EU) came in at GBP-6.519 billion in February versus GBP-6.574 billion previous.
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