The UK’s industrial sector recovery faltered in March, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Thursday.
Manufacturing output arrived at -0.2% MoM in March versus 0% expectations and -0.6% booked in February while total industrial output came in at -0.2% vs. 0.1% expected and -0.3% last.
On an annualized basis, the UK manufacturing production figures came in at 1.9% in March, missing expectations of 2.3%. Total industrial output rose by 0.7% in the third month of this year against a 0.4% reading expected and the previous 2.1% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-23.897 billion in March versus GBP-18.5 billion expectations and GBP-21.614 billion last. The total trade balance (non-EU) came in at GBP-13.804 billion in March versus GBP-13.124 billion previous.
Related reads
- UK Preliminary GDP expands 0.8% QoQ in Q1 vs. 1.0% expected
-
GBP/USD drops to fresh two-year low under 1.2200 on softer UK GDP, US PPI eyed
