UK Manufacturing Production rebounds 0.3% MoM in Dec vs. +0.5% expected
The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Tuesday, with the overall industrial activity sinking further into contraction in December.
Manufacturing output arrived at +0.3% MoM in December versus +0.5% expectations and -1.6% booked in December, while total industrial output came in at +0.1% vs. +0.3% expected and -1.1% last.
On an annualized basis, the UK manufacturing production figures came in at -2.5% in December, missing expectations of -1.0%. Total industrial output dropped by 1.8% in December, against a -0.8% reading expected and the previous -1.6% print.