U.K. Manufacturing Grows in Sign of Industry Stabilization

U.K. manufacturing expanded for a second month in January as orders rose and output surged the most since September 2011.

A gauge of factory activity was at 50.8, compared with a revised 51.2 in December, Markit Economics and the Chartered Institute of Purchasing and Supply said in London today. A reading above 50 indicates expansion. Separate reports today showed euro-area manufacturing shrank less than initially estimated last month, while Chinese manufacturing expanded.