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- U.K.’s Industrial Production below forecasts, Manufacturing Production in line
U.K.’s Industrial Production below forecasts, Manufacturing Production in line
Today the Office for National Statistics reported U.K.'s Industrial and Manufacturing Production data for the month of March.
Industrial Production only rose +0.1%, below the estimated increase of +0.3%. The output was dragged down by a strong decline in energy. In February Industrial Production declined -0.1%.
Manufacturing Production rose +0.4%, in line with expectations from -0.5% in the preceding month. The best performing sectors out of the 13 were transport equipment, machinery and metals. Seven sectors posted gains.
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