The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Wednesday, as the overall industrial sector contraction deepened in March.
Manufacturing output arrived at -4.6% MoM in March versus -6.0% expectations and +0.5% booked in February, while total industrial output came in at -4.2% vs. -5.6% expected and +0.1% last.
On an annualized basis, the UK manufacturing production figures came in at -9.7% in March, beating expectations of -10.4%. Total industrial output plunged 8.2% in March, against a -9.3% reading expected and the previous -2.8% print.
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