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UK Industrial Production Rises More than Expected in April

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UK industrial production posted its biggest gain since 2012 as manufacturing pick-pick up.

Total production rose 1.6 percent in April when compared with a year earlier. All the four main sectors increased production with the largest contribution coming from manufacturing, which surged by 0.8 percent.

Month-on-month, total production output increased by 2 percent in April from 0.3 percent in March, while factory production rose 2.3 percent from 0.1 percent recorded in the previous month, the largest rise since July 2012, Office For National Statistics reported on Wednesday.

The basic contribution to the increase in manufacturing came from the manufacture of basic pharmaceutical products and pharmaceutical preparations, which increase by 8.6 percent, also the largest rise since February 2014.

Overall, 10 out of 13 UK manufacturing sectors increased production in April with a 3.9 percent increase in gas and electricity production.

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20 years of experience in global financial markets. Olukoya is a published contributor to Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, InvestorPlace, and other leading financial platforms. He is widely recognized for his in-depth market analysis, macroeconomic insights, and commitment to financial literacy across emerging economies.

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