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U.K. manufacturing production rises 0.4% in April

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Investing.com -

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%.

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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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