Economics

U.K. February Manufacturing Rebounds After Snow Slump: Economy

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U.K. manufacturing rose twice as much as economists forecast in February as it rebounded from a slump during snow the previous month.

Factory output increased 0.8 percent from January, when it fell 1.9 percent, the Office for National Statistics said today in London. The median forecast of 29 economists in a Bloomberg News survey was for a gain of 0.4 percent. While total industrial output also increased more than forecast, separate data showed the goods trade deficit widened as exports declined.