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U.K. Industrial Output Growth Slows More Than Forecast

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

U.K. industrial production growth slowed more than expected in January, while manufacturing output growth remained stable compared to December, official data showed Tuesday.

Industrial output edged up 0.1 percent from December, the Office for National Statistics reported. Output was forecast to expand 0.2 percent, following December's 0.5 percent rise.

Manufacturing output grew 0.4 percent as seen in December and stayed above the 0.3 percent rise forecast by economists.

The annual increase in industrial output accelerated to 2.9 percent from 1.9 percent. At the same time, growth in manufacturing more than doubled to 3.3 percent from 1.4 percent.

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