Investing.com | Jul 10, 2018 09:32
Investing.com - Output in the UK manufacturing sector grew 0.4% in May from the prior month, according to figures published on Tuesday by the Office for National Statistics.
The consensus expectation had been for growth of 0.9%.
Industrial production fell 0.4% in May, compared with the previous month, below the consensus forecast for a gain of 0.5%.
On an annualized basis, manufacturing production rose 1.1% in May, compared to expectations for a 1.9% increase.
In April, manufacturing production rose 0.9% from the year before, a downward revision from an initial 1.4%.
Year-on-year, industrial production rose 0.8 % in May.
Analysts were looking for a 1.9% increase.
The reading came after a 1.6% rise in April that was revised down from 1.8%.
In a separate report, the UK trade deficit narrowed to £12.36 billion from the prior £12.40 billion.
Consensus was looking for a trade deficit of £12.0 billion.
The non-EU trade deficit shrank to £3.49 billion, compared to the estimate of £3.70 billion.
Written By: Investing.com
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