Investing.com – Manufacturing production in the U.K. rose less-than-expected in September, official data showed on Tuesday.
In a report, the U.K. Office for National Statistics said that manufacturing production rose by a seasonally adjusted 0.1% in September, after rising by 0.4% in August, whose figure was revised up from 0.3%.
Economists expected manufacturing production to rise by 0.3% in September.
The report showed that year-on-year, manufacturing production rose by 4.8% in September, after rising by 6.1% in August.
The data primarily reflected significant gains in machinery and equipment, basic metals and metal products industries and the food, drink and tobacco products industries, while rubber and plastic products industries posted the largest decline.
Meanwhile, the report also showed that industrial production rose less-than-expected in September, posting an increase of 0.4%, after rising by 0.4% in August, whose figure was revised up from 0.3%.
Analysts had expected industrial production to rise by 0.5% in September.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.03% to hit 1.6132.
Meanwhile, European stock markets were up. The FTSE 100 gained 0.52%, the EURO STOXX 50 added 0.19%, France’s CAC 40 was up 0.18%, while Germany's DAX gained 0.26%.
In a report, the U.K. Office for National Statistics said that manufacturing production rose by a seasonally adjusted 0.1% in September, after rising by 0.4% in August, whose figure was revised up from 0.3%.
Economists expected manufacturing production to rise by 0.3% in September.
The report showed that year-on-year, manufacturing production rose by 4.8% in September, after rising by 6.1% in August.
The data primarily reflected significant gains in machinery and equipment, basic metals and metal products industries and the food, drink and tobacco products industries, while rubber and plastic products industries posted the largest decline.
Meanwhile, the report also showed that industrial production rose less-than-expected in September, posting an increase of 0.4%, after rising by 0.4% in August, whose figure was revised up from 0.3%.
Analysts had expected industrial production to rise by 0.5% in September.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.03% to hit 1.6132.
Meanwhile, European stock markets were up. The FTSE 100 gained 0.52%, the EURO STOXX 50 added 0.19%, France’s CAC 40 was up 0.18%, while Germany's DAX gained 0.26%.