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UK industrial production was weaker than expected in March, numbers on Thursday showed, while overall growth in the first quarter of 2025 marks the first quarterly rise in output in over a year. UK industrial output fell 0.7% in March, numbers from the Office for National Statistics showed, against a 1.7% rise in February and a 0.4% decline in January. This fell short of an FXStreet-cited consensus for a 0.5% decline. On-year, the 0.7% decline in March outperformed an FXStreet-cited consensus for a 0.9% fall. On-quarter, ouput rose 1.1% in the three months to March, in the first quarterly rise since the beginning of 2024. ‘Manufacturing’ (up 0.8%) was the main contributor to the quarterly rise in quarter 1 2025, supported by smaller positive contributions from ‘water supply and sewerage’ (up 4.0%) and ‘electricity and gas’ (up 1.8%); this was partially offset by a decrease in ‘mining and quarrying’ (down 0.5%),‘ said the ONS. ‘The increase in manufacturing output during Quarter 1 2025 saw rises in 10 of its 13 subsectors.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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