UK Manufacturing Production jumps 0.7% MoM in October vs. -0.1% expected Manufacturing IndustrialProduction EconomicIndicator GBPUSD UnitedKingdom
The industrial sector seems to extend its recovery momentum in October, the latest UK industrial and manufacturing production data published by Office for National Statistics showed on Monday.
On an annualized basis, the UK manufacturing production figures came in at -4.6% in October, missing expectations of -6.3%. Total industrial output dropped by 2.4% in the tenth month of the year against a -4.2% score expected and the previous -3.1% print. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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