Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK output rose by 2.3% between March and April, a shade below expectations, powered by a higher-than-forecast 3.4% jump in services as non-essential shops, outdoor dining and personal services reopened on 12 April, the Office for National Statistics said. Services accounted for 2.87 percentage points of total growth, led by a 8.9% surge in wholesale and retail trading, the biggest rise since June of 2020.
Production fell by 1.3%, confounding forecasts of a 1.2% increase, dampened by a 15% fall in mining and quarrying as oil and gas fields closed for routine maintenance. Manufacturing declined by 0.3%, with transport equipment particularly weak, partially due to a shortage of semiconductors in the automobile industry. Construction output declined by 2.0%, compared defying forecasts of a 1.0% rise.
Output now stands 3.7% below its pre-pandemic level, but has increased by 1.2% above its initial peak hit last October.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.