U.K. manufacturing output dipped 0.7 percent month-on-month in April, reversing March's 0.9 percent rise, the Office for National Statistics said Tuesday. The decline far exceeded economists' forecast of 0.1 percent fall.
At the same time, industrial production remained flat on month versus a 0.3 percent fall in the prior month. Economists were forecasting a 0.1 percent rise for April.
Annually, manufacturing output dipped 0.3 percent, slower than the 0.9 percent decrease logged in March. Likewise, industrial output fell 1 percent, following a 2.6 percent drop in March. This was the 14th consecutive fall on the same month a year ago.
by RTT Staff Writer
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