Industrial production sees small fall in March

Peter Spence
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Industrial production down a touch, but nonetheless better than economists had hoped for.

In the month of March, it's down 0.1 per cent, with manufacturing production up by a punchy 0.5 per cent.

Analysts had expected industrial production to fall by 0.2 per cent in March.

Today's release sees industrial production growing at 0.7 per cent in the first quarter, rather than the 0.8 per cent expected in the Office for National Statistics' GDP report.

Capital Economics' Paul Hollingsworth says that the data signals the robustness of the UK's manufacturing economy.