UK Manufacturing Production rises 1.7% MoM in October vs. 0.3% expected

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Thursday, indicating that the recovery momentum in Britain’s industrial sector picked up pace in October.

Manufacturing output arrived at 1.7% MoM in October versus 0.3% expectations and 0.2% booked in September, while total industrial output came in at 1.3% vs. 0.3% expected and 0.5% last.

On an annualized basis, the UK manufacturing production figures came in at -7.1% in October, beating expectations of -8.4%. Total industrial output dropped by 5.5% in October, against a -6.5% reading expected and the previous -6.3% print. 

more to come ...