British manufacturing output dips more than expected in March

British manufacturing output dips more than expected in March

In Great Britain, in March manufacturing and industrial production went down more than expected, dipping for a third straight month and also dampening optimism over the UK economy, as official data unveiled on Thursday.

The UK Office for National Statistics announced that in March manufacturing production slid by a seasonally adjusted 0.6%, which is worse than hopes for a dip of 0.2% and following a sag of 0.3% last month that was revised downwards from an initial decline of 0.1%.

On an annualized basis, in March manufacturing output soared at rate of 2.3%, which is below forecasts for a 3% leap and having soared at a rate of 3% last month that was revised from an initial 3.3% revenue.

In March, year-on-year, industrial production went up 1.4%, which is below expectations for a 2.1% leap and following the 2.5% soar, registered last month.

Meanwhile, the FTSE 100 added 0.04% in London. 

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