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- UK Manufacturing Production rises by 1.1% MoM in November, a big beat
UK Manufacturing Production rises by 1.1% MoM in November, a big beat
Britain’s industrial sector witnessed a solid recovery in November, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday.
Manufacturing output arrived at 1.1% MoM in November versus 0.2% expectations and 0.1% booked in October while total industrial output came in at 0.7% vs. 0.2% expected and -0.5% last.
On an annualized basis, the UK manufacturing production figures came in at 0.4% in November, beating expectations of -0.3%. Total industrial output rose by 0.1% in the eleventh month of the year against a 0.5% reading expected and the previous 0.2% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-11.337 billion in November versus GBP-14.20 billion expectations and GBP-13.93 billion last. Total trade balance (non-EU) came in at GBP-5.665 billion in November versus GBP-8.618 billion previous.
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