UK Manufacturing Production MoM (Dec) M/M -0.5% vs. Exp. 0% (Prev. 1.9%, Rev. From 2.1%, Low. -0.8%, High. 0.4%)
Newsquawk Staff ·
UK Manufacturing Production MoM (Dec) M/M -0.5% vs. Exp. 0% (Prev. 1.9%, Rev. From 2.1%, Low. -0.8%, High. 0.4%)
What it means
UK manufacturing production for December showed a month-over-month decline of 0.5%, falling short of expectations for no change. This significant drop, especially after a prior revision from 2.1% to 1.9%, suggests potential weakness in the manufacturing sector that could impact economic growth assessments and policy outlook amid ongoing inflation concerns.
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