Back to bad data as industrial and manufacturing production growth slip in April

Both UK industrial and manufacturing production growth have dipped in April, however the numbers are (just slightly) better than expected.

Industrial production growth fell from 0.7 per cent to 0.1 per cent in the month (0.0 per cent expected), with manufacturing production growth falling from 1.1 per cent to -0.2 per cent (-0.3 per cent expected).

In the year to April industrial production fell by 0.6 per cent and manufacturing production fell by 0.5 per cent.

Jeremy Cook, chief economist at the foreign exchange company, World First, said:

Today’s industrial and manufacturing numbers remind us, once again, that the path to continued, sustainable and strong growth will be a long one. Further help for these sectors is needed to secure a recovery.