UK manufacturing production drops in February

By @ibtimes on

UK manufacturing production slipped to 0.0% in February from 1.0% in January, which was revised to 0.9%, lower than estimates of 0.6%, while the annual reading came in at 4.9%, below forecasts of 5.8% and the prior of 6.8% which was revised to 6.6%.

Industrial production for the same month reached -1.2%, below estimates of 0.4% while the initial reading of 0.5% was revised down to -0.3%. The year on year reading fell to 2.4%, lower than forecasts of 4.3% and the prior reading of 4.4% was revised down to 4.2%.

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