UK Manufacturing Posts Surprise Dip

13 May 2004

The UK manufacturing sector bucked expectations in March with a decline in output, according to latest figures from the Office for National Statistics.

Output dipped 0.3% compared with the previous month, a far cry from analysts' forecasts of a 0.5% increase. Year-on-year, output rose 0.4%, below predictions of 1%.

The findings are at odds with industry figures from bodies such as the CBI, which last month claimed factory orders were at a nine-year high.

Data sourced from: BBC Online; additional content by WARC staff