U.K. Manufacturing Grows in January as Expansion Cools

U.K. manufacturing expanded at a slower pace in January as domestic demand and rising export orders underpinned growth for a 10th month.

The Purchasing Managers’ Index declined to 56.7 last month from 57.2 in December, above the 50 level that indicates growth, Markit Economics said in a report in London today. That’s less than the 57.3 forecast by economists. The pound extended declines against the euro and the dollar.