U.K. manufacturing production falls 0.2% in April

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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%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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