Economics
U.K. Factory Growth Quickens to Fastest in Two Years
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U.K. manufacturing grew at the fastest pace in two years and mortgage approvals rose more than forecast, adding to signs that the recovery is gaining traction.
A factory gauge rose to 52.5 in June from 51.5 in May, Markit Economics and the Chartered Institute of Purchasing and Supply said today in London, above the 50 level that divides expansion from contraction. A separate report showed banks granted the most home loans in May since 2009.