Economic Buzz: UK Industrial Production Gains Marginally In March

UK industrial output rose 0.1 percent month-on-month in March, the same pace of increase as seen in February, figures from the Office for National Statistics showed Thursday. Output was expected to gain 0.2 percent. Meanwhile, manufacturing output dropped 0.1 percent after easing 0.2 percent a month ago. On a yearly basis, growth in industrial output improved to 2.9 percent in March from 2.1 percent in February. Nonetheless, this was slower than the forecast of 3.1 percent.