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U.K. Factories Mark Brexit Birthday With Orders at 30-Year High

  • CBI’s monthly index of export demand also improved in May
  • U.K. began the formal talks on exiting the EU this week
An employee assemble boxes dehumidifiers on the production line at the Ebac Ltd. factory in Newton Aycliffe, U.K., on Monday, Jan. 9, 2017. The pound has weakened by more than 10 percent versus the euro since the referendum, making Ebac's water coolers and dehumidifiers cheaper abroad.
Photographer: matthew lloyd/Bloomberg

Britain’s factories saw their order books jump to the highest in almost 30 years this month, with growth across most sectors and export demand improving.

The positive readings from a Confederation of British Industry survey come in the week the U.K. began its formal exit talks with the European Union. It’s been a year since the country voted to leave the bloc, triggering a sharp drop in the pound.