On an annualized basis, manufacturing production fell at rate of 1.4% in March, compared to expectations for a 2% decline. Manufacturing production dropped at a rate of 1.6% in the preceding month.
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.
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