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- UK Manufacturing Production arrives at 0% MoM in December vs. -0.2% expected
UK Manufacturing Production arrives at 0% MoM in December vs. -0.2% expected
The industrial sector activity showed no growth in December, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday.
Manufacturing output arrived at 0% MoM in December versus -0.2% expectations and -0.6% registered in November while total industrial output came in at 0.3% MoM vs. -0.2% expected and 0.1% last.
On an annualized basis, the UK manufacturing production figures came in at -5.7% in December, beating expectations of -6.1%. Total industrial output dropped by 4.0% in the final month of the year against -5.3% expected and the previous -4.3% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-19.275 billion in December versus GBP-16.40 billion expectations and GBP-14.655 billion last. The total trade balance (non-EU) came in at GBP-7.484 billion in December versus GBP-3.493 billion previous.
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