Investing.com - Manufacturing production in the U.K. fell more-than-expected in August, while industrial production declined as well, official data showed on Tuesday.
In a report, the U.K. Office for National Statistics said that manufacturing production fell by 1.1% in August, compared to expectations for a 0.6% decline.
Manufacturing production in July rose by 3.1%, downwardly revised from a previously reported 3.2% gain.
The report also showed that industrial production declined 0.5% in August, in line with expectations, after climbing by 2.8% in July.
On an annualized basis, industrial production fell at rate of 1.2% in August, disappointing expectations for a 1.1% decline. Industrial production dropped at a rate of 0.8% in the preceding month.
Following the release of the data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.11% to trade at 1.6009.
Meanwhile, European stock markets were broadly lower. London’s FTSE 100 fell 0.3%, the EURO STOXX 50 slumped 0.45%, France’s CAC 40 edged 0.25% lower, while Germany's DAX declined 0.5%.
In a report, the U.K. Office for National Statistics said that manufacturing production fell by 1.1% in August, compared to expectations for a 0.6% decline.
Manufacturing production in July rose by 3.1%, downwardly revised from a previously reported 3.2% gain.
The report also showed that industrial production declined 0.5% in August, in line with expectations, after climbing by 2.8% in July.
On an annualized basis, industrial production fell at rate of 1.2% in August, disappointing expectations for a 1.1% decline. Industrial production dropped at a rate of 0.8% in the preceding month.
Following the release of the data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.11% to trade at 1.6009.
Meanwhile, European stock markets were broadly lower. London’s FTSE 100 fell 0.3%, the EURO STOXX 50 slumped 0.45%, France’s CAC 40 edged 0.25% lower, while Germany's DAX declined 0.5%.