Investing.com - Manufacturing production in the U.K. fell for the first time in three months in April, underlining concerns over the country’s economic outlook, official data showed on Tuesday.
In a report, the U.K. Office for National Statistics said that manufacturing production fell by 0.2% in April, compared to expectations for a 0.3% decline.
Manufacturing production in March rose by 1.1%.
On an annualized basis, manufacturing production fell at rate of 0.5% in April, compared to expectations for a 0.4% decline. Manufacturing production dropped at a rate of 1.4% in the preceding month.
The report also showed that industrial production rose 0.1% in April, compared to expectations for a flat reading, after rising 0.7% in March.
Following the release of the data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.15% to trade at 1.5549.
Meanwhile, European stock markets were lower. London’s FTSE 100 dipped 0.7%, the EURO STOXX 50 fell 0.8%, France’s CAC 40 dropped 0.6%, while Germany's DAX retreated 0.7%.
In a report, the U.K. Office for National Statistics said that manufacturing production fell by 0.2% in April, compared to expectations for a 0.3% decline.
Manufacturing production in March rose by 1.1%.
On an annualized basis, manufacturing production fell at rate of 0.5% in April, compared to expectations for a 0.4% decline. Manufacturing production dropped at a rate of 1.4% in the preceding month.
The report also showed that industrial production rose 0.1% in April, compared to expectations for a flat reading, after rising 0.7% in March.
Following the release of the data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.15% to trade at 1.5549.
Meanwhile, European stock markets were lower. London’s FTSE 100 dipped 0.7%, the EURO STOXX 50 fell 0.8%, France’s CAC 40 dropped 0.6%, while Germany's DAX retreated 0.7%.