March UK factory output records biggest annual fall since 2013
Shutdowns in the steel industry due to global overcapacity led broad-based declines
London
BRITISH factory output recorded its biggest annual fall in nearly three years in March, as shutdowns in the steel industry due to global overcapacity led broad-based declines, official figures showed on Wednesday.
Manufacturing in March was 1.9 per cent lower than a year earlier, the steepest decline since May 2013, the Office for National Statistics (ONS) said and is in line with economists' predictions in a Reuters poll.
In March alone, manufacturing output edged up by 0.1 per cent from February, sli…
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