U.K. Manufacturing Rises More Than Forecast
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U.K. manufacturing production expanded more than economists forecast in March, adding to evidence that the economic recovery is gathering strength.
Output rose 0.5 percent from February, when it gained 1 percent, the Office for National Statistics said today. Economists forecast a gain of 0.3 percent, based on the median of 21 estimates in a Bloomberg survey. Industrial production fell 0.1 percent as oil and gas extraction plunged, though the decline was less than estimated.