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U.K. Manufacturing, Construction Point to Loss of Momentum

U.K. manufacturing and construction unexpectedly shrank in February, adding to signs that the economy lost momentum in the first quarter.

Factory output fell 0.1 percent from January, the Office for National Statistics said on Friday. Total industrial production declined 0.7 percent as unseasonably warm weather reduced demand for energy. Construction dropped 1.7 percent, the most in almost a year.