Investing.com - Manufacturing production in the U.K. rose in line with expectations in April, while industrial output also met forecasts, official data showed on Tuesday.
In a report, the U.K. Office for National Statistics said that manufacturing production inched up by a seasonally adjusted 0.4% in April, in line with expectations. Manufacturing production in March rose by 0.5%.
On an annualized basis, manufacturing production rose at rate of 4.4% in April, above forecasts for a 4% increase, after rising at a rate of 3.5% in the preceding month.
The report also showed that industrial production eased up by a seasonally adjusted 0.4% in April, meeting expectations, after rising 0.1% in March.
Following the release of the data, the pound turned higher against the U.S. dollar, with GBP/USD rising 0.02% to trade at 1.6806, compared to 1.6791 ahead of the report.
Meanwhile, European stock markets remained mixed in rangebound trade. London’s FTSE 100 inched down 0.4%, the Euro Stoxx 50 picked up 0.15%, France’s CAC 40 eased up 0.1%, while Germany's DAX tacked on 0.15%.