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UK factory output falls hardest since 2012

Staff Writer |
UK factory output showed its biggest monthly drop since 2012, underlining that economic momentum in the UK remains fragile and will likely need to improve before interest rates are raised.

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Manufacturing output dropped by 1.4 percent month-on-month in April after a 0.1 percent decline in March - a bigger drop than any economist had forecast in a Reuters poll that pointed to growth of 0.3 percent.

The broader measure of industrial output fell 0.8 percent on the month, but was up 1.8 percent on the year - again weaker than all forecasts.

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