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10 May 2018
UK manufacturing output falls -0.1% in March
- The UK manufacturing output falls -0.1% over the month in March, in line with market expectations
- The UK industrial production rises 0.1% over the month in March.
The slowdown in the UK manufacturing was indicated by the manufacturing PMI that decelerated sharply in both March and in April. According to manufacturing PMI report from IHS/Markit, the UK manufacturing activity gauge fell to 54.9 in March and decelerated further to 53.9 in April. The manufacturing PMI for April was at the lowest level in last 17 months.