UK Manufacturing Production rises 1.4% MoM in May

The UK’s industrial sector recovery gathered steam in May, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Wednesday.

Manufacturing output arrived at 1.4% MoM in May versus 0.1% expectations and -0.6% booked in April while total industrial output came in at 0.9% vs. 0% expected and -0.1% last.

On an annualized basis, the UK manufacturing production figures came in at 2.3% in May, beating expectations of 0.3%. Total industrial output rose by 1.4% in the fifth month of this year against a -0.5% reading expected and the previous 1.6% print.