Economics
U.K. Manufacturing Unexpectedly Quickens on Demand Surge
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U.K. manufacturing growth unexpectedly accelerated to the fastest pace in seven months as demand surged, adding to signs of a broadening recovery.
An industry index rose to 57.5 in June from 57 in May, Markit Economics said today. Economists forecast a decline to 56.8, based on the median estimate in a Bloomberg News survey. A gauge of new orders increased to 61.1 from 59.5, also a seven-month high. The pound strengthened after the report.