UK Industrial Output Rises 3% in April

UK industrial output grew at its fastest annual pace for three years in April, figures have shown.

Output rose by 3% in April from a year earlier, the Office for National Statistics (ONS) said, the fastest annual rate since January 2011.

The narrower measure of manufacturing output rose 4.4% year-on-year, the fastest pace since February 2011.

Analysts said the figures showed the sector was still enjoying “robust growth”.

Both industrial output and manufacturing output increased by 0.4% during April itself, the ONS said.

Manufacturing output was boosted by transport equipment, electronic products, and rubber and plastics.

However, the levels of industrial output and manufacturing output were respectively 11.3% and 7.0% below the pre-downturn GDP peak of the first quarter of 2008, the ONS said.

via BBC

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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