The industrial sector seems to extend its recovery momentum in October, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Monday.
Manufacturing output arrived at 0.7% MoM in October versus -0.1% expectations and 0% registered in September while total industrial output came in at 0% vs. -0.3% expected and 0.2% last.
On an annualized basis, the UK manufacturing production figures came in at -4.6% in October, missing expectations of -6.3%. Total industrial output dropped by 2.4% in the tenth month of the year against a -4.2% score expected and the previous -3.1% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-14.476 billion in October versus GBP-20.894 billion expectations and GBP-15.656 billion last. The total trade balance (non-EU) came in at GBP-4.823 billion in October versus GBP-8.551 billion previous.
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