UK March Manuf/Ind production softer-than-forecast

The volume of production output for the UK manufacturing industry in March, which includes mining and quarrying, and energy supply industries, came at +0.1 MoM vs 0.4% exp and -0.9% last, revised up from -1.1%. Meanwhile, industrial production MoM came at +0.3% vs +0.5 % exp and -0.2% prior, which was revised up from -0.3%.

Overall, while upward revisions last month, the data is softer-than-expected, which adds to the disappointing series of manufacturing data seen recently, in which the UK also presented poor PMIs on Manufacturing and services.