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U.K. Manufacturing Growth Accelerates to Fastest in Seven Months

From bloomberg.com

U.K. manufacturing growth accelerated more than economists forecast last month as domestic strength offset weakness in Britain’s main export markets. Markit Economics said its Purchasing Managers’ Index rose to 54.1, the highest in seven months, from a revised 53.1 in January. Economists had forecast a reading of 53.3, based on the median estimate in a Bloomberg News survey. Britain’s economy has shown signs of continued strength after growing 2.6 percent in 2014 as the decline in oil prices lowers input costs, helping companies at a time of weak growth in the euro area. Still, Markit said the U.K. recovery remains ... (full story)

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