U.K. Manufacturing Grows More Than Forecast on Exports: Economy

U.K. manufacturing grew more than economists forecast in April as output surged to an eight-month high and exports increased.

A Purchasing Managers’ Index advanced to 57.3 from 55.8 in March, Markit Economics said in a statement in London today. The median estimate of 32 economists in a Bloomberg News survey was for a reading of 55.4. A level above 50 indicates expansion.