UK Manufacturing Production Rises 2.4% MoM In June Vs. 0.2% Expected
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The United Kingdom’s (UK) industrial sector activity showed an improvement in June, the latest data published by Office for National Statistics (ONS) showed on Friday.
Manufacturing output rose 2.4% MoM in June versus 0.2% expected and -0.1% seen in May while total industrial output came in at 1.8% MoM vs. 0.1% expected and -0.6% last.
On a yearly basis, the UK Manufacturing Production data jumped by 3.1% in June, beating expectations of 0.3%. Total Industrial Output rose by 0.7% in the sixth month of the year, surpassing the -1.1% expected and the previous reading of -2.1%.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-15.455 billion in June versus GBP-16.40 billion expectations and GBP-18.411 billion prior. The total trade balance (non-EU) came in at GBP-2.772 billion in June versus GBP-6.615 billion previous.
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