Industrial production in the UK exceeded forecasts in March


In March, in the UK, industrial production grew by 0.7% against February. As the data of the ONS management showed, the growth rate accelerated in comparison with the rise by 0.6% in February. Its increase has been observed for the past three months. In March, growth was higher than economists' forecasts, who had expected an increase of only 0.1%. The volume of industrial production increased by 1.3% compared to the same month a year earlier, significantly exceeding the growth predicted by economists by 0.5%. The oil and gas industry showed an increase of 1.7%, while the indicator of the coal industry fell by 9.5%. The manufacturing industry increased production by 0.9% for the month and by 2.6% for the year. The oil refining industry in March reduced production by 0.4%. At the same time, the pharmaceutical industry showed an increase of 4%. And electronics production fell by 0.2%.

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