U.K. Manufacturing Unexpectedly Accelerates to Four-Month High
An employee prepares to fit a wheel to the rear of an Aston Martin DB11 luxury automobile on the final assembly line at Aston Martin Lagonda Ltd.'s manufacturing and assembly plant in Gaydon, U.K., on Tuesday, June 6, 2017. Aston Martin may consider an initial public offering as early as next year as the British maker of James Bond’s cars seeks to capitalize on the success of Ferrari NV’s listing to lure investors, people familiar with the matter said.
Photographer: Chris Ratcliffe/BloombergU.K. manufacturing expanded at the strongest pace in four months in August, lifted by both export orders and domestic demand.
A measure of factory output rose to 56.9 from a revised 55.3 in July, according to IHS Markit’s Purchasing Managers’ Index. That exceeds the 55 forecast by economists in a Bloomberg survey and is well above the 50 level dividing expansion from contraction.