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UK: Annual Industrial Production falls 1.4% in March
FXstreet.com (Barcelona) - Year-over-year UK Industrial Production fell by 1.4% in March, following a 2.5% drop in February, National Statistics informed on Thursday. This is a more positive result that the forecasted 1.6% decrease. UK Industrial Production grew by 0.7% between February 2013 and March 2013, in comparison with the 0.9% increase registered between January 2013 and April February and above expectations of a 0.2% rise.
On an annual basis UK Manufacturing Production fell by 1.4% in March, after decreasing 1.6% in February and above expectations of a 2% decline. Between February 2013 and March 2013 UK Manufacturing Production rose 1.1%, following a 0.7% increase between January 2013 and February 2013 and exceeding market consensus of 0.3% growth.
