UK Factory Output Drops 0.2 Percent in April

Britain’s brief manufacturing revival came to a halt in April as output fell by 0.2%, the Office for National Statistics (ONS) has said.

Hopes that a pick-up in industry would lead to better-balanced growth in the UK were dented by figures showing the first decline in factory production in three months.

The ONS said falls in transport equipment, wood and paper products, and metals were the main factors behind the monthly drop, but added that in the three months to April – a better guide to the underlying trend – output was 0.5% higher than in the three months ending in January.

April’s small decline followed increases of 0.7% in February and 1.1% in March. Despite the stronger trend since the turn of the year, officials said factories were producing 10% less than they were in 2007, before the onset of the deep recession in early 2008.

via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza