UK industry grows 3 percent in April


(MENAFN) Official data showed that British industrial output grew at its strongest pace since three years in April, marking a sign of a less-consumer-demand-dependent economy, Gulf Daily News reported. Industrial output grew 3 percent, beating forecasts to record its biggest annual rise since January 2011, and in the three months to April it achieved its fastest pace of growth since June 2010. "Unless output stagnates or falls back over the remaining months of the second quarter, the sector should make its biggest contribution to quarterly GDP growth in four years in Q2," UK economist at Capital Economics said.


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