UK Manufacturing Production Rebounds

Data published by the Office for National Statistics (ONS) showed that the general situation in the industrial sector improved for May in UK.

Manufacturing production grew to + 8.4% on a monthly basis in May, against expectations of -20.9% and -24.4% in April, while total industrial output grew by + 6.0% meets + 6.0% expected and -20.2% previously recorded.

On an annual basis, UK industrial production figures were at -22.8% in May, above expectations -23.9%. Total industrial output decreased by 20.0% in May, compared to -20.0% expected and -23.8% previously recorded.