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The United Kingdom’s manufacturing output arrived at 0.4 percent m/m in May versus 0.9 percent expectations and -1.3 percent (revised higher from -1.4 percent) booked in April, while total industrial output declined to -0.4 percent in the reported month, against a 1.0 percent contraction seen previously.
On an annualized basis, the UK manufacturing production figures came in at 1.1 percent in May, missing expectations of 1.9 percent. Total industrial output also increased by 0.8 percent in May, below expectations of a 1.9 percent reading and against the previous 1.6 percent (revised lower from 1.8 percent) print.
In a separate release, the country’s goods trade balance numbers were published, which arrived at -GBP12.36 billion in May, versus -GBP12.00 billion expectations and -GBP12.40 billion last. Total trade balance came in at -GBP2.79 billion in May versus -GBP3.087 billion previous.
Meanwhile, GBP/USD traded 0.08% lower at 1.3249 at the time of writing.
