UK industrial production declined for the third consecutive month in March, data from the Office for National Statistics showed Thursday.
Industrial output fell 0.5 percent month-on-month, following a 0.8 percent drop in February. Production was expected to decrease 0.4 percent.
Likewise, manufacturing output slid 0.6 percent after easing 0.3 percent in the previous month. Economists had forecast a moderate 0.2 percent fall for March.
On a yearly basis, growth in industrial production slowed more-than-expected to 1.4 percent in March from 2.5 percent in February. The expected pace of growth was 1.9 percent.
Manufacturing output growth came in at 2.3 percent versus 3 percent in February. Economists had forecast the rate to remain unchanged at 3 percent.
The material has been provided by InstaForex Company – www.instaforex.com
May 11, 2017 at 02:46PM
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