U.K. Manufacturing Falls More Than Expected

Despite the drop in manufacturing the U.K. managed to rally.

“Factory output dropped 0.7 percent from March, led by pharmaceuticals, aircraft maintenance and food and drink production, the Office for National Statistics said today in London. The median forecast of 30 economists in a Bloomberg News survey was for a decline of 0.1 percent. Overall industrial output was unchanged on the month, weaker than the 0.1 percent increase forecast by economists.”

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