UK Manufacturing Production drops 1.6% MoM in August vs. 0% expected

The industrial sector recovery lost momentum in August, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Wednesday.

Manufacturing output arrived at -1.6% MoM in August versus 0% expectations and 0.1% booked in July while total industrial output came in at -1.8% vs. -0.2% expected and -0.3% last.

On an annualized basis, the UK manufacturing production figures came in at -6.7% in August, missing expectations of 0.8%. Total industrial output plunged by 5.2% in the eigth month of the year against a 0.6% reading expected and the previous 1.1% print. 

Separately, the UK goods trade balance numbers were published, which arrived at GBP-19.257 billion in August versus GBP-20.45 billion expectations and GBP-17.594 billion last. The total trade balance (non-EU) came in at GBP-11.079 billion in August versus GBP-9.10 billion previous.