Investing.com – The price of raw materials and goods purchased by manufacturers in the U.K. fell unexpectedly in June, official data showed on Friday.
In a report, the National Statistics Office said the input prices measure of U.K. manufacturers’ materials and fuels fell a seasonally adjusted 0.2% in June, after declining 0.2% in May, whose figure was revised up from 0.6%.
Analysts had expected an increase of 0.1% in June.
The report said the decrease was mainly due to falls in the price of crude oil, imported metals, fuels and imported parts and equipment but the falls were largely offset by an increase in the price of home produced food products.
The price of goods sold by manufacturers also fell unexpectedly in June, down 0.3%, after increasing 0.1% in May, whoes figure was revised down from 0.3%.
Analysts had expected an increase of 0.1% in June.
The statistics office also said the seasonally adjusted deficit on trade in goods was GBP 8.1 billion in May, compared with the deficit of GBP 7.4 billion in April.
In a report, the National Statistics Office said the input prices measure of U.K. manufacturers’ materials and fuels fell a seasonally adjusted 0.2% in June, after declining 0.2% in May, whose figure was revised up from 0.6%.
Analysts had expected an increase of 0.1% in June.
The report said the decrease was mainly due to falls in the price of crude oil, imported metals, fuels and imported parts and equipment but the falls were largely offset by an increase in the price of home produced food products.
The price of goods sold by manufacturers also fell unexpectedly in June, down 0.3%, after increasing 0.1% in May, whoes figure was revised down from 0.3%.
Analysts had expected an increase of 0.1% in June.
The statistics office also said the seasonally adjusted deficit on trade in goods was GBP 8.1 billion in May, compared with the deficit of GBP 7.4 billion in April.