The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, suggesting that Britain’s industrial sector recovery appears in the doldrums.
Manufacturing output arrived at -0.1% MoM in May versus 1.0% expectations and 0% booked in April while total industrial output came in at 0.8% vs. 1.5% expected and -1.0% last.
On an annualized basis, the UK manufacturing production figures came in at 27.7% in May, missing expectations of 29.5%. Total industrial output jumped by 20.6% in the fifth month of the year against a 21.6% reading expected and the previous 27.2% print.
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