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U.K. Industrial Production Growth Improves In April

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

U.K. industrial production expanded at a faster pace in April, the Office for National Statistics said Tuesday.

Industrial output gained 0.4 percent in April from March, when it grew by revised 0.1 percent. The rate matched economists' expectations.

The increase in total production reflected increase of 0.4 percent in manufacturing, the fifth consecutive increase since November 2013. Manufacturing output growth also came in line with expectations.

On a yearly basis, industrial production grew 3 percent versus 2.5 percent in March. This was the eighth consecutive increase since August 2013. At the same time, manufacturing output advanced 4.4 percent.

Economists had forecast industrial output to rise 2.8 percent and manufacturing to grow 4 percent.

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