Britain’s industrial sector recovery lost momentum in September, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Thursday.
Manufacturing output arrived at 0.1% MoM in September versus 0.2% expectations and 0.5% booked in August while total industrial output came in at -0.4% vs. 0.2% expected and 0.8% last.
On an annualized basis, the UK manufacturing production figures came in at 2.8% in September, missing expectations of 3.1%. Total industrial output rose by 2.9% in the ninth month of the year against a 3.8% reading expected and the previous 3.7% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP-14.736 billion in September versus GBP-14.3 billion expectations and GBP-14.927 billion last. Total trade balance (non-EU) came in at GBP-9.10 billion in September versus GBP-8.395 billion previous.
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