UK Manufacturing Production Falls in March

UK Manufacturing Production Falls in March

May 10, 2018

Investing.com - Output in the UK manufacturing sector fell 0.1% in March, according to figures published on Thursday by the Office for National Statistics.

The consensus expectation had been for a decline of 0.2%.

On an annualized basis, manufacturing production rose 2.9% in March.

That was in line with forecasts.

In February, manufacturing production rose 2.5% from the year before.

Industrial production rose 0.1% in March, compared with the previous month, in line with the consensus forecast.

Year-on-year, industrial production rose 2.9% in March.

Analysts were looking for a 3.1% advance.

The reading came after a 2.1% rise in February that was revised down from initial growth of 2.2%.

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