Investing.com – Manufacturing production in the U.K. fell unexpectedly in December, official data showed on Thursday.
In a report, the U.K. Office for National Statistics said that manufacturing production fell by a seasonally adjusted 0.1% in December, after rising by 0.6% in November.
Economists had expected manufacturing production to rise by 0.5% in December.
The report showed that year-over-year, manufacturing production rose by an annualized rate of 4.4% in December, after rising by 5.1% in November. Analysts had expected year-over-year manufacturing production to rise by 5.4% in December.
Meanwhile, the report also showed that industrial production rose in line with expectations in December, increasing by 0.5%, after rising by 0.6% in November, whose figure was revised from 0.4%.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.32% to hit 1.6048.
Meanwhile, European stock markets were down. The FTSE 100 declined 0.74%, the EURO STOXX 50 tumbled 1.12%, France’s CAC 40 slumped 0.94%, while Germany's DAX fell 0.58%.
In a report, the U.K. Office for National Statistics said that manufacturing production fell by a seasonally adjusted 0.1% in December, after rising by 0.6% in November.
Economists had expected manufacturing production to rise by 0.5% in December.
The report showed that year-over-year, manufacturing production rose by an annualized rate of 4.4% in December, after rising by 5.1% in November. Analysts had expected year-over-year manufacturing production to rise by 5.4% in December.
Meanwhile, the report also showed that industrial production rose in line with expectations in December, increasing by 0.5%, after rising by 0.6% in November, whose figure was revised from 0.4%.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.32% to hit 1.6048.
Meanwhile, European stock markets were down. The FTSE 100 declined 0.74%, the EURO STOXX 50 tumbled 1.12%, France’s CAC 40 slumped 0.94%, while Germany's DAX fell 0.58%.