Investing.com - Manufacturing production in the U.K. rose more than expected in September, though industrial production registered a surprise decline, official data showed on Tuesday.
In a report, the U.K. Office for National Statistics said that manufacturing production increased by a seasonally adjusted 0.6% in September, better than expectations for a gain of 0.4% and following a rise of 0.2% in the prior month.
On an annualized basis, manufacturing production rose at rate of 0.2% in September, better than forecasts for a 0.1% decline and after advancing at a rate of 0.5% in August.
The report also showed that industrial production unexpectedly fell by a seasonally adjusted 0.4% in September, compared to forecasts for a 0.1% rise and following the 0.4% decrease in the preceding month.
Year-on-year, industrial production increased 0.3% in September, below expectations for a 0.8% rise and following the 0.7% advance registered a month earlier.
Immediately after the report, GBP/USD was at 1.2429 from around 1.2427 ahead of the announcement, EUR/GBP was at 0.8893 from 0.8894 earlier, while GBP/JPY traded at 129.92 from 129.88 prior to the release
Meanwhile, European stocks were trading mixed. London’s FTSE 100 inched up 0.06%, the Euro Stoxx 50 gained 0.36%, France's CAC 40 edged forward 0.10%, while Germany's DAX slipped 0.09%.