Britain’s industrial sector recovery lacked momentum in October, 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 October versus 0% expectations and -0.1% booked in September while total industrial output came in at -0.6% vs. 0.1% expected and -0.4% last.
On an annualized basis, the UK manufacturing production figures came in at 1.3% in October, missing expectations of 1.7%. Total industrial output rose by 1.4% in the tenth month of the year against a 2.2% reading expected and the previous 2.9% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-13.934 billion in October versus GBP-14.059 billion expectations and GBP-14.736 billion last. Total trade balance (non-EU) came in at GBP-8.618 billion in October versus GBP-9.103 billion previous.
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