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UK outlook brightens
Source: Bloomberg News |
February 22, 2013, Friday
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Print Edition
Print Edition
A UK manufacturing index climbed more than economists forecast in February as export demand rose, the Confederation of British Industry said yesterday.
A gauge of manufacturing orders rose to minus 14 from minus 20 in January, the UK's biggest business lobby said in a report in London. The median of 11 forecasts in a Bloomberg News survey was for minus 15. An index of export orders gained to minus 20 from minus 29.
The Bank of England said this month that recent surveys pointed to a pickup in manufacturing in the first quarter of 2013.
A gauge of manufacturing orders rose to minus 14 from minus 20 in January, the UK's biggest business lobby said in a report in London. The median of 11 forecasts in a Bloomberg News survey was for minus 15. An index of export orders gained to minus 20 from minus 29.
The Bank of England said this month that recent surveys pointed to a pickup in manufacturing in the first quarter of 2013.
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