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U.K. October Manufacturing Grows at Fastest Pace in More Than a Year

  • Report indicates the economy is defying global headwinds
  • Bank of England will publish new forecasts on Thursday
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U.K. Manufacturing PMI Surprises With 16 Month High

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U.K. manufacturing growth unexpectedly accelerated to the fastest in 16 months in October as new orders surged.

In a monthly report published in London Monday, Markit Economics said factories bucked this year’s downward trend and started the fourth quarter of the year on a stronger footing. The manufacturing index rose to 55.5 from a revised 51.8 in September, beating economists’ forecast for a reading of 51.3.