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9 Oct 2020
UK Manufacturing Production rises 0.7% MoM in August vs. +3% expected
The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, suggesting that the overall industrial sector improved at a slower pace than expected in August.
Manufacturing output arrived at 0.7% MoM in August versus 3.0% expectations and 6.9% booked in July, while total industrial output came in at 0.3% vs. 2.5% expected and 5.2% last.
On an annualized basis, the UK manufacturing production figures came in at -8.4% in August, missing expectations of -5.9%. Total industrial output dropped by 6.4% in August, against a -4.6% reading expected and the previous -7.4% print.
more to come ...