U.K April Production Data Disappoints

U.K April Production Data Disappoints

U.K. April production data disappointed, with the headline industrial output figure coming in with 0.2% m/m growth, up from the 0.5% m/m contraction seen in March, but off the median forecast for 0.7% m/m growth. The y/y figure contracted by 0.8%, which is the first negative y/y print in six months and came contrary to the median forecast for a 0.3% expansion. The contraction follows 1.4% y/y growth in the […]

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