According to the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) on Wednesday, the industrial sector activity showed a mixed performance last month.
Manufacturing output arrived at -0.2% MoM in May versus -0.5% expected and -0.1% seen in April while total industrial output came in at -0.6% MoM vs. -0.4% expected and -0.2% last.
On a yearly basis, the UK Manufacturing Production data came in at -1.2% in May, outpacing expectations of -1.7%. Total Industrial Output dropped by 2.3% in the fifth month of the year, matching the -2.3% expected and the previous reading of -1.6%.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-18.723 billion in May versus GBP-14.70 billion expectations and GBP-14.639 billion prior. The total trade balance (non-EU) came in at GBP- billion in April versus GBP-5.035 billion previous.
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Source: https://www.fxstreet.com/news/uk-manufacturing-production-drops-02-mom-in-may-vs-05-expected-202307130605