U.K. industrial production grew more than expected in March, but the rate of increase eased from the prior month, data showed Thursday.
Industrial output advanced 0.7 percent month-on-month, down from 0.9 percent rise logged in February, the Office for National Statistics said. But it far exceeded the 0.2 percent rise forecast by economists.
The growth in manufacturing accelerated to 1.1 percent from 0.7 percent, while mining output dipped 2 percent, reversing last month's 2 percent increase. Oil and gas extraction shrank 1.8 percent.
On a yearly basis, industrial production fell 1.4 percent in March, but slower than the 2.5 percent decrease seen in the prior month. Similarly, the decline in manufacturing slowed to 1.4 percent from 1.6 percent. Economists had forecast a 1.6 percent fall in industrial output and a 2 percent drop in manufacturing.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.