Subdued UK industrial output data caps glum first-quarter for economy


LONDON (Reuters) - British industrial output barely rose in March, confirming a glum first quarter for the economy that looks likely to scupper a Bank of England interest rate hike later on Thursday.

The data, released along with figures for the construction industry and overseas trade, did nothing to alter the picture of an economy that has struggled for momentum in recent months.While heavy snow storms swept through Britain in early March, the Office for National Statistics (ONS) stuck with its earlier judgement that this had little overall.....

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