UK Industrial Output Growth Quickens In April, Recovery Broadens Out
British industry enjoyed its strongest annual growth in over three years in April, in a further sign that the country’s rapid economic expansion is becoming less reliant on consumer demand. Official data showed on Tuesday, industrial output grew 3.0 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. Britain’s economy as a whole kept up last year’s strong momentum in the first part of this year, and following the industrial output data, academic researchers estimated that gross domestic product had finally exceeded its pre-crisis peak.
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